Breaking News: SEC charges Tesla (NASDAQ: TSLA) CEO Elon Musk with fraud – RICH TV LIVE – September 27, 2018 – Tesla CEO Elon Musk has been sued by the Securities and Exchange Commission for fraud, according to court documents filed Thursday. Sources close to the company told CNBC the company was also expecting to be sued, though Tesla was not named as a defendant in the complaint.
Hey guys how you doing this is rich from rich tv live we have some breaking news and this is not good news for tesla this is breaking news tesla stock tumbles on news that the scc reportedly sues ellen yuan musk wow are you kidding me tesla stock tumbles on use that the sec reportedly sues elon musk let’s see how this is affecting the market now remember you can
Go to rich tv live and find all the tools you need right there under stocks just hover over stocks and if we go to bar charts let’s check bar chart first and let’s take a look at tesla let’s see what’s happening here after market see if this shows us the after market trades bam so you can see they are down heavily 11% already on this news and going down fast huge
News tesla stock tumbling and now that the sec wants to sue elon musk well elon musk attempted to take tesla private is long gone it is still haunting the ceo and now his investors are feeling the consequences tesla tsla stock tumbled on the news that the sec is reportedly suing musk there have been rumors of tesla and must being under a probe from the sec and
The doj the department of justice over the way he handled the attempt to make the company private specifically they see an issue with musk his claims that the funding was secured before announcing the mood hmm wouldn’t that be called insider trading wow wow wow wow wow wow his exact tweet was and considering taking tesla private at $420 funding secured today
Bloomberg reports on its news terminal that the sec has now officially opened a case against musk the securities and exchange commission has opened a case against tesla inc chief executive officer elon musk according to a docket entry in manhattan federal court bloomberg news reports they are accusing musk of making a series of false and misleading statements
The agency is reportedly holding a press conference later today about the lawsuit the sec wrote in the complaint musk has made his false and misleading public statements about taking tesla private using his mobile phone in the middle of active trading day he did not discuss the content of the statements with anyone else prior to publishing them to his over 22
Million twitter followers and anyone else with access to the internet he also did not inform nasdaq that he intended to make this public announcement as nasdaq rules required uh-oh the stock took a 5% now 11 percent hit in after market trading after the news was reported we’ve contacted tesla about the report and we updated this post if they respond here’s the full
Complaint filed by the sec this is the full official complaint the united states district court southern district of new york united states securities and exchange commission plaintiff versus elon musk defensive wow defendant civil action number 1 – 18 – tv – 8 8 6 5 jury trial demanded whoa complaint plaintiff united states securities and exchange commission the
Commission alleges as follows and it’s a 23 page document my goodness i’m not gonna go through the whole document but what i’m gonna say is if you’re in tesla be very careful tomorrow should be very ugly i hope he recovers from this news i don’t know i don’t own any tesla but a lot of people were pushing tesla saying this is the stock to buy i told everybody it is
Not a stock to buy in my community because they are most likely going to be sued by the sec based on what elon musk said publicly and i was 100% correct didn’t want to be right about this but i know though it works and unfortunately tesla is now under investigation and elon musk is personally being sued by the securities and exchange commission you heard it here
First from your boy rich now remember her cb live is strictly for education entertainment purposes always do your due diligence always do your research before you invest in anything that we talk about here on rich tv live it’s now at 278 down nine percent so it’s bouncing up and down but it is red and based on this news if you want to find out all the details you
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At 275 on this breaking news tesla stock tumbles on news that the sec reportedly sues elon musk this is your boy rich if you’re not winning you’re not watching i’m up pace
Transcribed from video
Breaking News: SEC charges Tesla (NASDAQ: TSLA) CEO Elon Musk with fraud By RICH TV LIVE
