Tesla Needs to Build Investor Trust. The Exit of Its Accountant Won’t Help. - News Summed Up

Tesla Needs to Build Investor Trust. The Exit of Its Accountant Won’t Help.


But with the sudden exit of Mr. Morton, investors might now fret about the reliability of Tesla’s financial statements. Mr. Morton could not be reached for comment. And in Tesla’s filing on Friday, Mr. Morton said he had “no disagreements” with the company’s financial reporting. Mr. Morton was previously the chief financial officer at Seagate, a company that makes disk drives for computers. The Securities and Exchange Commission is investigating not only Mr. Musk’s tweets musing about taking Tesla private but also the company’s disclosures about certain production goals.


Source: New York Times September 09, 2018 21:42 UTC



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