A court filing out Friday suggests a judge ruled that CEO Elon Musk knowingly made false statements when he tweeted about a take-private deal for Tesla in 2018.
This information was revealed in a request the shareholders' lawyers made for a temporary restraining order against Musk to stop him from making further public remarks about aspects of this case, as he did during a widely viewed appearance at theThe request for the temporary restraining order alludes to an earlier ruling by Judge Chen that is currently under seal because it refers to evidence that Musk's team regarded as confidential.
At the TED conference on Thursday, Musk called financial regulators in the SEC's San Francisco office"bastards." Musk also said,"The SEC knew that funding was secured but they pursued an active, public investigation nonetheless at the time. Tesla was in a precarious financial situation. And I was told by the banks that if I did not agree to settle with the SEC that they would, the banks would cease providing working capital and Tesla would go bankrupt immediately. So that's like having a gun to your child's head. I was forced to concede to the SEC unlawfully.
It's not clear why Musk felt he may have been unable to obtain working capital for Tesla, but confident he could muster the billions required to take the company private at the same time.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Elon Musk wants to buy Twitter as Tesla's track record tanks..thereidout Blog: If Elon Musk's leadership of Tesla is any indicator of how he'd run Twitter, there's plenty to be worried about.
Leer más »
Tesla CEO Elon Musk offers to buy Twitter in cash dealThe buyout offer from Musk is just the latest development in his relationship with Twitter. The billionaire revealed in regulatory filings over recent weeks that he'd been buying shares in almost daily batches starting Jan. 31. abc7ny elonmusk twitter
Leer más »
With Twitter bid, Elon Musk employs corporate raider-style tacticIn his new attempt to takeover Twitter, Elon Musk is turning to a bare-knuckled tactic more common to the corporate raids of the 1980s: A hostile takeover bid.
Leer más »
At TED, Elon Musk Revealed Why He Has to Own TwitterThe Tesla CEO made his case for buying Twitter—and rewrote his own history.
Leer más »
Elon Musk endeavors to buy Twitter but will reconsider position if rejectedApparently, Elon Musk is not satisfied with being the largest shareholder in Twitter. Now, he wants to buy it.
Leer más »
Conservatives embrace Elon Musk as their Twitter saviorEven though Twitter has not said whether it will accept the offer, a number of Republican lawmakers quickly applauded Elon Musk’s bid to buy the platform for $43 billion
Leer más »