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SEC intensifying Tesla probe - Bbg

 Tesla Inc is said to face broader SEC scrutiny over Chief Executive Elon Musk's statements on Twitter about taking the company private


Reuters 09 Aug 2018, 06:49 PM United States

 Tesla Inc is said to face broader SEC scrutiny over Chief Executive Elon Musk's statements on Twitter about taking the company private, Bloomberg reported scrutiny-over-musk-statements on Thursday, citing sources familiar with the matter.

Musk tweeted his plan on Tuesday and the U.S. markets regulator has asked Tesla why it was disclosed on Twitter rather than in a regulatory filing and whether it believed investor-protection rules had been met, the Wall Street Journal had reported on Wednesday.

 

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)


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