Well,Horror Archives this didn't take long.
According to a report by the Wall Street Journal, the U.S. Securities and Exchange Commission, the SEC, is looking into Tesla CEO Elon Musk's recent tweets, in which he announced that Tesla is looking to go private.
SEE ALSO: Elon Musk is serious about taking Tesla privateThe report, which cites people familiar with the matter, claims that the SEC is particularly interested in whether Musk's tweet was based on facts at the time of publishing.
An SEC spokesperson declined to comment.
This Tweet is currently unavailable. It might be loading or has been removed.
On Tuesday, Musk tweeted that he's "considering" taking the company private at the stock price of $420, roughly 20 percent above its trading price at the time and valuing the company at over $70 billion. He also tweeted that funding is "secured" and that investor support is "confirmed." The tweet sent the company's stock price soaring 11 percent before trading was briefly halted.
Making an announcement like this in a tweet is unorthodox but not necessarily illegal -- unless it wasn't based on facts and its purpose was purely to manipulate the stock price.
A few directors of Tesla's board said Wednesday that Musk met them several times last week to discuss the idea, so Musk's tweet definitely wasn't out of the blue.
But the SEC will likely look into whether Musk had full investor support and whether funding was secured before the announcement.
In a letter to employees, shared publicly about an hour after his tweet, Musk explained the reasoning behind the announcement. "I'm trying to accomplish an outcome where Tesla can operate at its best, free from as much distraction and short-term thinking as possible, and where there is as little change for all of our investors, including all of our employees, as possible," he wrote. The letter didn't have any additional information on the source of funding for the move.
Topics Tesla X/Twitter Elon Musk
The best day to book your flight, according to Google
Reporting Undercover on Nationalism in Ukraine
Reading Playboy in Vietnam (For the Articles, of Course)
How Sidney Sokhona’s Films Changed African Cinema
The State of PC Gaming in 2016
It’s Not Magic, It’s Just a Camera
Harry Mathews, 1930–2017
This February 14, Send Vinegar Valentines to Everyone You Hate
13 Good Games You Can Play on Laptops and Budget PCs
Are You Experienced? Rowan Ricardo Phillips on the Australian Open
Big-League Bluster
How Sidney Sokhona’s Films Changed African Cinema
Reporting Undercover on Nationalism in Ukraine
For Patrick Modiano, the Past Is a Vexed Question
NYT Connections hints and answers for May 10: Tips to solve 'Connections' #699.
Charlotte Brontë’s Favorite Critic
Staff Pick: Stacy Schiff, Kate Zambreno, Elizabeth McKenzie
“Infinite Mischief”: Elizabeth Bishop’s Rebuke to Robert Lowell
NYT Connections hints and answers for May 10: Tips to solve 'Connections' #699.
The Making of a Comics Biography, Part 2
Amazon Spring Sale 2025: Best power bank dealKindle books are up to 90% off during Amazon's Big Spring SaleAmazon Spring Sale 2025: Best selfNYT Strands hints, answers for March 28Amazon Big Spring Sale 2025: Save $300 on Google Pixel 9 ProOnline gambling is everywhere. Mindfulness can help.Amazon Big Spring Sale: My favorite smart bulbs have never been cheaperAmazon Spring Sale 2025: Save $30 on Apple Pencil ProBest smartwatch deal: Save $40 on the Fitbit Versa 4Wordle today: The answer and hints for March 28, 2025NYT Strands hints, answers for March 27XBox president Sarah Bond: The secrets of her success25+ headphone and speaker deals: Bose QC Ultra and more on sale during final day of Big Spring SaleHouston vs. Purdue 2025 livestream: How to watch March Madness for freeBest earbud deal: Save $30 on Anker Soundcore Sleep A20 earbudsNYT Strands hints, answers for March 28Amazon Big Spring Sale 2025: Shop the best home dealsBest Minecraft Lego deals: Save up to 36% on Minecraft building setsThe two best Dyson Airwrap dupes I've tested are on sale during Amazon's spring sale'The White Lotus' Season 3 soundtrack is a treasure trove of Thai music Rod Temperton, 'Thriller' songwriter, dead at 66 The Flash Recap: How the Season 3 premiere changes everything Google's Pixel and Pixel XL smartphones to go on pre Proposal to force UK firms to list foreign workers causes controversy Portugal's António Guterres is slated to be the next leader of the United Nations FBI arrests contractor for possession of highly classified material U.S. Southwest faces 99% risk of 'megadroughts' due to climate change Amazon Prime members finally get some real book benefits After nationwide strike, Poland won't be implementing total abortion ban Here's the full list of winners at the Sixth Annual Streamy Awards School district warns families about 'scary clowns' The dark side and the light of likable Ike The next 'Dota 2' Major is shipping up to Boston Could Vin Diesel be the next celebrity to hop on the esports train? Cara Delevigne, Dakota Johnson FaceTime with bestie Taylor Swift For millions in the Southeast, Matthew will be their first hurricane Marriage equality haters made a 'data The bigger the yawn, the bigger the brain, scientists find Congrats Elon Musk, for following one woman on Twitter Tim Kaine shows his family values by inviting married lesbian couple to VP debate
2.3959s , 8200.796875 kb
Copyright © 2025 Powered by 【Horror Archives】,Wisdom Convergence Information Network