In the Tesla affair - the American giant of the electric car led by Elon Musk - the Sec, the US market supervisory body, intervened and asked for clarifications on the truthfulness and concreteness of Musk in abandoning Wall Street and looking for private investors.
The founder and CEO of the company has entrusted his official Twitter account with his intentions, also stating that he could entirely buy the company for more than 85 billion dollars, including debt, by taking it off the market. If at the chirping at the opening of the session, the title had conquered the markets and had jumped to + 11%, Tesla closed yesterday's day on Wall Street at -2,43%.
Following the indiscretion of the Financial Times announcing the acquisition by the Saudi Arabian sovereign wealth fund of a 3-5% stake in the company and corresponding in dollars to about 2 or three billion, Elon Musk wrote: “I am considering privatizing Tesla at $420 a share”. Scandal stone.
On the pages of the Wall Street Journal we read of the position taken by the SEC: Tesla could be the subject of an enforcement investigation if the regulators suspect that Musk's statement was misleading or false.
Under US law, corporations and corporate executives may not provide stockholders with misleading information about significant corporate events, such as the case of Tesla. Musk could also be in trouble if regulators develop evidence that he made a statement aimed at raising his company's stock price.
But Tesla for its part, in response to the criticisms as highlighted by Il Sole 24 Ore, recalled an episode of about five years ago in which the company, in a periodic filing with the SEC, had provided for a section entitled "interested in being updated on Tesla ?” and among the replies he had cited sites, company blogs and the same Tweets of the CEO Musk: "for additional information, please follow the Twitter accounts of Tesla and Elon Musk".
