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Another federal government agency has concerns about the financial dealings of Rochester area developer Robert Morgan.On Wednesday, Morgan and three…
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Musk is required to get his statements about Tesla approved by company officials before he publishes. A recent tweet misstated the company's production rate.
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The Tesla CEO reached a deal with the Securities and Exchange Commission to resolve a securities fraud case. As part of the deal, Tesla and Musk agreed to pay $40 million in penalties.
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"Musk's false and misleading public statements and omissions caused significant confusion and disruption in the market for Tesla's stock and resulting harm to investors," the lawsuit says.
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Tesla says it handed over documents after CEO Elon Musk announced he would take Tesla private. Investigators might scrutinize the company's accounting practices and whether investors were misled.
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The Securities and Exchange Commission says the "nonpublic information" might have given the intruders an edge in the markets, but didn't contain personally identifiable information.