Tesla CEO Elon Musk

Shareholders must vote on Musk’s return as Tesla chairman

If Tesla CEO Elon Musk wants to return as chairman, shareholders will have to vote on it. The requirement is detailed in a court brief filed jointly on Thursday by Tesla and the Securities and Exchange Commission. The brief was required by a federal judge who must approve a securities fraud settlement reached with Musk … Continue reading Shareholders must vote on Musk’s return as Tesla chairman

SAN FRANCISCO | Tesla CEO Elon Musk, company settle fraud suit for $40M

SAN FRANCISCO — Tesla CEO Elon Musk and the electric car company have agreed to pay a total of $40 million and make a series of concessions to settle a government lawsuit alleging Musk duped investors with misleading statements about a proposed buyout of the company. The Securities and Exchange Commission announced the settlement Saturday, … Continue reading SAN FRANCISCO | Tesla CEO Elon Musk, company settle fraud suit for $40M

NEW YORK | The Latest: Tesla shares drop 9 percent after Musk interview

NEW YORK  — The Latest on Tesla CEO Elon Musk (all times local): 4:00 p.m. Tesla shares are closing with a loss of $29.95, about 9 percent, at $305.50 after CEO Elon Musk told the New York Times that the stress of the job is getting to him. The company lost $5.5 billion in market … Continue reading NEW YORK | The Latest: Tesla shares drop 9 percent after Musk interview

SAN FRANCISCO | Tesla CEO’s buyout bid raises eyebrows, legal concerns

SAN FRANCISCO— Tesla CEO Elon Musk is seeking relief from the pressures of running a publicly held company with a $72 billion buyout of the electric car maker, but he may be acquiring new headaches with his peculiar handling of the proposed deal. Almost everything about the deal is outlandish, from Musk’s out-of-the-blue disclosure in … Continue reading SAN FRANCISCO | Tesla CEO’s buyout bid raises eyebrows, legal concerns

SAN FRANCISCO | Tesla CEO drops latest bombshell with $72B buyout proposal

SAN FRANCISCO — Tesla CEO Elon Musk is gearing up to lead a buyout of the electric car maker in a stunning move that would end the maverick company’s eight-year history trading on the stock market. In his typically unorthodox fashion, the eccentric Musk dropped his bombshell on his Twitter account, which he has used … Continue reading SAN FRANCISCO | Tesla CEO drops latest bombshell with $72B buyout proposal

NEW YORK | The Latest: Musk says going private would free Tesla

NEW YORK  — The Latest on Tesla CEO Elon Musk proposing to take the electric car private at $420 per share (all times local): 3:45 p.m. Tesla CEO Elon Musk is laying out his rational for possibly taking the company private, saying the move would free the electric car maker to focus on long-term goals, … Continue reading NEW YORK | The Latest: Musk says going private would free Tesla

Tesla’s Musk defends comments made during conference call

Tesla CEO Elon Musk is going on the defensive in a series of tweets, saying the people he shut down during a contentious conference call were “sell-side analysts who represent a short seller thesis, not investors.” Musk, who’s been known for his quirky behavior, came under scrutiny after the conference call for Tesla’s quarterly earnings … Continue reading Tesla’s Musk defends comments made during conference call