Tesla stock dives on heels of SEC lawsuit - News Summed Up

Tesla stock dives on heels of SEC lawsuit


Tesla shares have been volatile for years, but even by its standards, August and September have been dramatic. The stock fell, shareholders sued, and the government launched a civil investigation and a criminal one. Musk reportedly rejected settlementThe civil investigation by the Securities and Exchange Commission resulted in Thursday's steps and Friday's stock skid. The SEC wants a court to order Musk to stop making false and misleading statements and repay any gains he made. Tesla stock plunged 14.5 percent to $262.88 in heavy trading Friday.


Source: CBC News September 28, 2018 19:52 UTC



Loading...
Loading...
  

Loading...

                           
/* -------------------------- overlay advertisemnt -------------------------- */