Tesla was supposed to have a quiet 2019, but with the SEC angry again, key executives exiting, and the stock plummeting things are getting raucous.
— and the $20 million fine Tesla had to pay for the same infraction. Meanwhile, all year in a still seemingly never-ending line, executives and engineers and VPs left the company. There were layoffs and leaks and of course there was that time Musk called a diver who helped rescue a children's soccer team a"pedo." It was quite a year.
information that contradicts company forecasts. The SEC has given him until March 11 to show how he isBoth the company's CFO and General Counsel announced their exits. And analysts still worry that the Tesla isn't holding enough cash to finance its ambitious growth plans. "Another anecdotal sign of softer demand stems from the fact that Tesla's website Thursday evening was estimating new base version Model 3 orders could be delivered in 2-4 weeks, suggesting limited remaining waitlist," they wrote.
Tesla isn't just running the company in 2019 though, it's expanding it. It's building another Gigafactory in China, where it plans to build Model 3s by the end of the year. It has not disclosed any details about financing or capital expenditures for the project.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Elon Musk said Tesla will probably not be profitable in the first quarter of 2019Tesla CEO Elon Musk said on Thursday that the automaker will likely not be profitable in the first quarter of this year.
Weiterlesen »
Elon Musk says Tesla will probably not be profitable in the first quarter of 2019Tesla CEO Elon Musk said on Thursday that the automaker would likely not be profitable in the first quarter of this year.
Weiterlesen »
'How embarrassing': Elon Musk fired back at the SEC in latest fight over Tesla production numbersThe SEC claims Elon Musk violated his settlement with the agency when he tweeted about Tesla's 2019 production numbers.
Weiterlesen »
Tesla slides after the SEC says Elon Musk violated his settlement with the agencyTesla fell 3.14% to $289.40 a share early Tuesday after the SEC said CEO Elon Musk violated the terms of his agreement with the agency.
Weiterlesen »
SEC Says Tesla Chief Elon Musk's Tweets Violated Court SettlementMusk is required to get his statements about Tesla approved by company officials before he publishes. A recent tweet misstated the company's production rate.
Weiterlesen »
SEC asks judge to hold Tesla CEO Elon Musk in contempt for violating dealElon Musk and the SEC are battling it out again, with the SEC asking a judge to hold the Tesla CEO in contempt following his tweets on the company's manufacturing numbers. Here's what five experts say to watch next:
Weiterlesen »
I would hold Elon Musk in contempt, says former SEC chairFormer SEC chairman Harvey Pitt Tesla CEO Elon Musk 'irrepressible' and said the SEC has to take steps to get him to change his behavior on Twitter.
Weiterlesen »