Media playback is unsupported on your device Media caption Who is Elon Musk
30 September, 2018, 01:35
The SEC alleges that Musk's itchy Twitter fingers "caused market chaos and harmed Tesla investors" - both people who bought Tesla stock after Musk's going-private tweet only to find out they'd been misled, as well as Tesla short-sellers who got burned by the rapid market action that only occurred because Elon Musk tweeted a thing. "But if they bring high-profile cases, everybody sees them, and if they win, that sends a message".
Tesla stock plunged 14 percent to $264.77 Friday, wiping out $7.3 billion in shareholder value.
Tesla will have to pay a second $20million fine, and appoint two independent directors to replace Musk. "Without Musk, investors may no longer be willing to continue funding a company that has never reported an annual profit".
It remains unknown who started the shop, or if funds made from selling the products will help cover billionaire Musk's defense fund. "In truth and in fact, Musk had not even discussed, much less confirmed, key deal terms, including price, with any potential funding source", the SEC said in the complaint filed in federal district court in the Southern District of NY. Analysts at investment-research firm CFRA said Musk's "erratic behavior" and uncertainty about his future could cement the case as a "serious blow". "That role could be completely impossible for Elon to play", Brauer said. Today's ~14 percent drop was the worst day in Tesla's history since way back in 2013. "Shareholders want him to stay on as the visionary".
Some analysts are concerned about what Musk departure could do to Tesla's stock.
Those legal skirmishes could ramp up pressure on the board to map out a post-Musk succession plan as questions grow over his fitness for the job.
Last month, Musk said during an interview with The New York Times that he wrote the tweet in his vehicle on the way to the airport and no one reviewed it.
It was irresponsible of Musk, as the CEO of a $50 Billion, publicly traded company, to tell his over 22 million followers something without much groundwork.
"He needs to settle, and the Tesla board needs to force him to settle", said John Coffee, director of the Center on Corporate Governance at Columbia Law School. The SEC declined to comment on the settlement reports. But Musk has vowed to fight the charges.
That, in turn, could make it more hard to raise more money to stay alive, particularly in the coming months, with $1.3 billion in debt payments coming due by early next year. Agreeing to a settlement that would mean giving up his power "changes his whole identity".
Aashiq Banaya Aapne actress and former Miss India Tanushree Dutta has accused veteran Bollywood actor Nana Patekar of harassment. Agar nahi deti, toh film nahi milegi (If you don't put out, you won't get the film)", Tanushree said.
Defense lawyers tried to keep the 81-year-old out of prison while he appeals his conviction , saying he's frail and legally blind. He could eventually be sent to a state prison that has separate units for geriatric prisoners and programs for sex offenders.
But at least you know you can put everything into it. "I was a bit nervous because I really wanted to reach the final". Meanwhile, the fourth-seeded Pliskova needed just 63 minutes to complete a clinical victory.
There's no time frame to say: "I give you that, I give you that, I give you that". "But it will happen, it's not really hard ". Because they are here because of what they did and now we have to work on that it fits.
He has blonde hair, blue eyes and was last seen wearing black shorts and an orange shirt with "I'm the Man" printed on the front. Search boats from the Charlotte Fire Department searched the lake all day, checking the water with sonar devices and divers.
Trump has criticized the producer cartel several times over what he claims is the deliberate inflation of oil prices . At 0840 GMT, Brent North Sea crude for delivery in November soared to a peak of $80.94 per barrel.
She alleges it happened while she was incapacitated without her consent, and possibly drugged, at a party in approximately 1982. By turns defensive and combative, Trump also portrayed the allegations against Kavanaugh as part of a Democratic "con game ".
US President Donald Trump claims he rejected a one-on-one meeting with Prime Minister Justin Trudeau regarding NAFTA . He did not rule out the possibility of a deal, but made it clear he had little interest in compromising.
Because we have a lot of singles guys on the team, a year ago also Rafa he did play more doubles than us sometimes in the past. Edmund then raced to a 7-2 lead in the 10-point tie-breaker that is used in the Laver Cup when the first two sets are split.
Here's all the changes to Fortnite's map for Season 6
Running around isn't all that bad though, as you'll have increased movement speed and jump height, and you won't take fall damage. According to reports , the game will lock up on the loading screen, rendering them unable to access the season 6 update .
Unai Emery challenges Rob Holding to earn starting spot
After heading the Gunners in front after four minutes, Welbeck rounded off a fine team move for the second before the interval. Emery delighted in the victory post-match, while also saluting Welbeck , who played a key role in the win.
Butler now prefers to be traded to the Miami Heat
Butler is still in Minneapolis working out while the rest of the team is in California to start the preseason. The Wolves are seeking a combination of veterans, top prospects, future assets and cap relief.
Twitter loses it after woman closes her own auto door
But her simple gesture sparked a huge debate on social media about whether she broke royal protocol by closing her own auto door. Since then the Duchess of Sussex has been making her own rules and living her life in her own way quite subtly.
'I Would Much Prefer Keeping Rod Rosenstein'
Christian Civil Rights Watch Co-founder and Chief Counsel Matt Barber contends that Rosenstein is in big trouble. Trump has signalled that he may fire Sessions after the midterms, and Rosenstein could go with him.
The trailer for X-Men: Dark Phoenix is finally here!
Obviously, Sophie Turner's Jean Grey is the focal point, as is her descent into the malevolent cosmic force that is Phoenix. The first trailer for Dark Phoenix has arrived and it's looking like the first part of the title will particularly apply.