Date: 3 months ago   Category: Economy

The Securities Commission expands investigation concerning Tesla


Securities and Exchange Commission (SEC) of the USA makes profound investigation concerning Tesla Inc. because of statements of the head of the company Elon Musk for plans of redemption of stocks of the company. With reference to sources the The Wall Street Journal newspaper (WSJ) reports about it.

the Commission sends inquiries to each of directors of Tesla. At the same time it is unknown what data interest the regulator, the newspaper specifies. Representatives of the commission and Tesla have refused comments of WSJ.

the Founder of Tesla Elon Musk has published on August 7 on Twitter the message in which I have declared determination to redeem shares of the company from investors at the price of $420 for an action. This tweet has led to increase in prices for stocks of Tesla almost for 11%, on a maximum on August 7 the price reached a point of $387,46 for an action, however then the price has declined.

Is the statement has led to long-term consequences: the group of shareholders of Tesla has submitted a claim against Musk, motivating it with the fact that they have suffered losses from the unreliable information published by the founder of the company, and Securities and Exchange Commission has become interested in why he makes such statement not in the official document which according to rules is transferred to the commission, and on the Twitter. Musk has been forced to make

a detailed explanation of the act. He has reported that transfer of the company from public in private will provide to the price of her actions smaller fluctuations. By words Musk, the current situation pushes Tesla to a quarter cycle of earnings because of what many decisions are made without calculation for a long-term outlook. Musk has emphasized that the final decision on transformation of Tesla into the private company isn't made yet.

Musk owns about 22% of Tesla now.

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