The US Department of Justice is investigating Tesla over statements made by CEO Elon Musk concerning his desire to take the company private, according to Bloomberg. Federal prosecutors opened a fraud investigation last month after Musk tweeted that he was contemplating taking Tesla private and had “funding secured” for the deal, several sources told the publication. Weeks later, the deal fell through, and Musk announced that Tesla would remain public.
The Securities and Exchange Commission is already probing Musk’s electric car company over whether he misled investors and violated federal securities laws with his public statements. The agency was also investigating Tesla…
from The Verge – All Posts https://ift.tt/2NjQLMC
via IFTTT