Elon Musk

Elon Musk

Elon Musk :- Hello friends welcome to this beautiful page. This page is all about Elon Musk. On Thursday the Security and Exchange Commission filed a lawsuit for Elon Musk. that accused him of making “false and misleading” statement. The SEC allege on Musk that a month after he announced to take the publicly traded electric car company private. This sue directly impacted on shares of Tesla. Tesla’s shares tanked in hours more than 10% on Thursday. Elon Musk had to afford the loss  Near 1.1 Million Dollars in his net wroth. Now his estimated net wroth is 20.1 million dollars and he became the 47th richest person in the world.

The SEO and the Chairman of the Tesla Elon Musk tweeted on 7th August. That with secured fund  at a price of 420 dollars per share a 20% premium. He was consider to take the electric carmaker private. Due to this announcement Tesla’s shares up 6% through the close of markets that day. Elon Musk had not even discussed about, much less confirmed,       key deal terms, including price, with the potential funding source. The security and exchange commission filed a complaint against Elon Musk in federal court in New York City.

SEC charges Tesla CEO Elon Musk with false statements, seeks his removal

Now the SCE is asking to federal court to ban musk form leading a public company. SCE is also asking to ban him to serve on the board of one. So musk require to leave Tesla. Elon Musk denied to accept allegations of misleading and false and insists that he did not mislead investors. Musk responded in a email statement that “this unjustified action by the SEC leaves me deeply saddened and disappointed”. The Tesla also issued a separate statement that: “Tesla and the board of directors are fully confident in Elon. his integrity and leadership resulted in the most successful US auto company in over a century”.

Elon musk was born on 28th June 1971 in Pretoria, Transvaal, South Africa. He is a business magnate and investor. He is the founder CEO, and lead designer of SpaceX. Musk has holding citizenship in South Africa, Canada and also in U.S. serving as Co-founder, CEO and product architect of Tesla. He was ranked on the 21st in Forbes list of The World’s Most Powerful People in December 2016. At the end of August 2018 his net wroth is 20.2 Billions Dollars and became the words 46th richest person.

SEC Sues Elon Musk for Fraud, Seeks Removal From Tesla

With that all says gyus now the conclusion is. On Thursday the Security and Exchange Commission filed a lawsuit for Elon Musk. that accused him of making “false and misleading” statement. The SEC allege on Musk that a month after he announced to take the publicly traded electric car company private. This sue directly impacted on shares of Tesla. Tesla’s shares tanked in hours more than 10% on Thursday.

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One comment

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