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Last week on Friday, the SEC announced the launch of an investigation against the founder of Tesla, Elon Musk, who announced on Twitter that he was going to make the company non-public. Because of this message, Tesla shares fell by 13.9% to 264 dollars 77 cents. However, on Monday, thanks to the dispute settlement between Musk and the SEC, the company's shares recovered their value, rising 15% in price, finversia.ru writes. The court still has to approve the agreements reached, Musk will remain the head of Tesla, but will give up the post of chairman of the board of directors for at least 3 years. Elon Musk must pay a fine of $20 million, a fine of the same amount was imposed on the company.
European shares traded lower earlier on Thursday after underwhelming earnings reports dampened a U.S. Fed vow to continue rolling out stimulus plans in a bid to soften the economic blow of the COVID-19 pandemic. The pan-European STOXX lost ...
On Tuesday, Tesla Inc.’s (TSLA.O) Chief Executive Officer Elon Musk announced that the automotive company would start to open its licensing software to supply powertrains and batteries for other car manufacturers. “Tesla is open ...
European stocks traded slightly higher on Tuesday ahead of a U.S. decision to roll out additional stimulus plans despite the underwhelming quarterly earnings reports from the luxury goods market. The pan-European STOXX index inched higher ...
Samsung Electronics’ shares joined TSMC, its competitor, as both extended gains on Tuesday. This was mainly from upbeat expectations that Intel Corp’s plan of outsourcing more chip producers would favor the chipmakers. Shares of ...
Bloomberg News reported on Thursday that Elon Musk’s Space Exploration Technologies Corp. (SpaceX) is in talks to raise new funds at a valuation of $44 billion. The aerospace company said that it is in discussions with a number of investors ...
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