Is Tesla Better Off Without Elon Musk? Fraud Charge Brings Uncertain Future

Is Tesla Better Off Without Elon Musk? Fraud Charge Brings Uncertain Future

7 years ago
Anonymous $oIHRkISgaL

http://www.newsweek.com/tesla-better-without-elon-musk-sec-charges-fraud-1143837

Figures compiled by Statistic, published on September 28, show the turbulent nature of Tesla shares in recent months. Statista Share Tech & ScienceTesla stock has tanked this week after the U.S. Security and Exchange Commission (SEC) moved ahead with a lawsuit against co-founder and chief executive Elon Musk.

The legal move allegedly came after a settlement with regulatory officials fell through at the last minute, with CNBC reporting that Musk and Tesla would have only been facing a financial penalty if such a deal could have been finalized. Instead, the SEC demanded blood. Ultimately, the agency appealed for Musk to be prohibited from running his own electric car company.

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