Elon Musk Snaps Back at Contempt Charge; Is the SEC Baiting Tesla’s CEO?

Elon Musk Snaps Back at Contempt Charge; Is the SEC Baiting Tesla’s CEO?

TweetShareLawyers for Tesla’ CEO Elon Musk have accused the U.S. Securities and Exchange Commission of ‘unprecedented overreach’ and violating the constitutional rights of the iconic billionaire.Musk’s legal team was responding to an SEC request to have the court hold Musk in contempt, according to Reuters. This was for violating a settlement he reached with the…

Will Alleged Model 3 Design Flaw Sink Tesla Stock?

Will Alleged Model 3 Design Flaw Sink Tesla Stock?

TweetShareIt seems that Tesla just can’t catch a break. Following charges from the Security and Exchange Commission (SEC) that could force Elon Musk to temporarily step down as CEO, the company’s vehicles are allegedly having more than a little trouble staying clean.A Glitch in the Tesla SystemA design flaw may be causing debris to become…

Not Funny: Elon Musk’s Twitter Joke Likely to Cost Tesla $460 Million

Not Funny: Elon Musk’s Twitter Joke Likely to Cost Tesla $460 Million

TweetShareWhen Tesla CEO Elon Musk pressed “tweet,” he had to know his ill-timed joke about production numbers would catch the attention of SEC regulators. However, that single Twitter post might now force Tesla to pay nearly $1 billion in cash to settle up with bondholders.Tesla’s Billion-Dollar Debt Load Comes Home to RoostAt issue is $920 million…

Elon Musk Confirms Exit From Openai Over Disagreements to Focus on Tesla, Spacex

Elon Musk Confirms Exit From Openai Over Disagreements to Focus on Tesla, Spacex

Billionaire Elon Musk confirmed that he exited OpenAI, an artificial intelligence research group, on “good terms” amid disagreements with team members over the project’s direction.Musk also cited a desire to focus on “solving a painfully large number of engineering and manufacturing problems at Tesla (especially) and SpaceX.”Elon Musk Cites Competition Over TalentOn Twitter, Musk suggested he had…