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the company private at $420 us he would take the company private at $420 us per share and the us securities and exchange commission is suing him for securities fraud and is trying to ban him as a director of a public company. we explain what exactly got him into trouble. it has to do with two words, those are "funding secured", elon musk said not only was he considering taking tesla private at a price of $420 per share but that he had the money to do so and in its complaint the us securities and exchanged and says he didn't actually have the funding secured and he hadn't discussed the matter with potential investors. and as a result he engaged in deliberately misleading behaviour. this they say constitute security fraud and that's why they want to see him punished. so has elon musk responded to the securities and exchange commission? he has and he came out with a statement i will read to you. he says the action by the sec is not justified and leaves him deeply saddened and disappointed. mr elon musk says he will fight the sec‘s lawsuit. and at this point is he still planning to bring hasluck private? no, he abando
the company private at $420 us he would take the company private at $420 us per share and the us securities and exchange commission is suing him for securities fraud and is trying to ban him as a director of a public company. we explain what exactly got him into trouble. it has to do with two words, those are "funding secured", elon musk said not only was he considering taking tesla private at a price of $420 per share but that he had the money to do so and in its complaint the us...
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electorate come make a test that will step down as chairman of the company approved by us securities and exchange commission concluded that must misled investors with tweets about the company's future tesla has agreed to pay a multimillion dollar fine but musk will remain c.e.o. of the company. from being the driving force behind electric cars on us to trying to launch rockets into deep space. you know musk knows how to push boundaries but thanks to a lawsuit he's been forced to slow down a few weeks ago the billionaire tweeted that he could take his public car company tesla private for four hundred twenty dollars a share the u.s. securities and exchange commission charged him with fraud while leading tesla's investors to believe that he had a firm offer in hand we allege that moscow had arrived at a price of four hundred twenty dollars by assuming a twenty percent premium over tesla's then existing share price and then rounding up to four hundred twenty dollars because of this is the significance of that number in marijuana culture and his belief that his girlfriend would be amused by a. backhoe and mariju
electorate come make a test that will step down as chairman of the company approved by us securities and exchange commission concluded that must misled investors with tweets about the company's future tesla has agreed to pay a multimillion dollar fine but musk will remain c.e.o. of the company. from being the driving force behind electric cars on us to trying to launch rockets into deep space. you know musk knows how to push boundaries but thanks to a lawsuit he's been forced to slow down a few...
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fine and stepped down as the firm's chairman after reaching a settlement with the us securities and exchange commission nor had been charged with fraud over a series of tweets about taking at the electric car manufacturer private causing tesla's share price to surge separately tesco will also have to pay a twenty million dollars fine and appoint two new independent directors to its board now in a tweet dated august the seventh the mosque announced he was considering taking tesla private and proposed a price of four hundred twenty dollars per share adding that he had secured enough funding to do so he also expressed high hopes for all existing shareholders to endorse his idea. well this as you see though picked up on an unexpected and surprising like we ledge that must could have arrived at the price of four hundred twenty dollars by assuming a twenty percent premium of tesla's then the existing share price and then rounding up to four hundred twenty because of the significance of that number in marijuana culture and his belief that his go for end would be amused by it. tesla's stock has been falling si
fine and stepped down as the firm's chairman after reaching a settlement with the us securities and exchange commission nor had been charged with fraud over a series of tweets about taking at the electric car manufacturer private causing tesla's share price to surge separately tesco will also have to pay a twenty million dollars fine and appoint two new independent directors to its board now in a tweet dated august the seventh the mosque announced he was considering taking tesla private and...
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half billion dollars overnight the found a lot musk was the kings to fraud by the us securities and exchange commission a recent report said that musk was offered a deal to settle out of court but declined at the last minute as a board of directors also supported that decision saying they're fully confident in musk and his leadership and now the federal agency is seeking his removal the c.e.o. and chairman. clearly made a mistake is obviously one of the great entrepreneurs of our generation and they may call themselves wildly successful but they've never made a profit without even any sort of real knowledge the board backs up what probably should be a lot more sleep and probably should be a lot more careful before he tweets i'm just saying this rolling the dice nothing wrong with the automobiles that are fine but the business is eight and on mitigated there's aster among the tweets the talking about their one dated august the seventh in which musk announced that he was considering taking tesla private and proposed a price of four hundred twenty dollars per share adding that he also secured enough fundi
half billion dollars overnight the found a lot musk was the kings to fraud by the us securities and exchange commission a recent report said that musk was offered a deal to settle out of court but declined at the last minute as a board of directors also supported that decision saying they're fully confident in musk and his leadership and now the federal agency is seeking his removal the c.e.o. and chairman. clearly made a mistake is obviously one of the great entrepreneurs of our generation and...
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Sep 30, 2018
09/18
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chairman of the company and pay a $20 million fine to settle his dispute with the us securities and exchange commissionn august, saying that he wanted to take the company back into private hands. tesla will also pay a fine of $20 million. lebo diseko has more he's known for pushing boundaries when it comes to tech innovation, leading the way on electric cars and space exploration. but now, it seems elon musk has pushed too far. in august, he tweeted, saying he would take tesla back into private ownership, at a price of $420 a share. and, crucially, he said he had the funding secured. the stock—market regulator said that was false and misleading, and so they charged him. we allege that musk arrived at the price of $420 by assuming a 20% premium of tesla's then—existing share price, then rounding up to $420 because of the significance of that number in marijuana culture, and his belief that his girlfriend would be amused by it. and as we've said before in connection with other matters, neither celebrity status or a reputation as a technological innovator provide protection from federal securities laws. t
chairman of the company and pay a $20 million fine to settle his dispute with the us securities and exchange commissionn august, saying that he wanted to take the company back into private hands. tesla will also pay a fine of $20 million. lebo diseko has more he's known for pushing boundaries when it comes to tech innovation, leading the way on electric cars and space exploration. but now, it seems elon musk has pushed too far. in august, he tweeted, saying he would take tesla back into private...
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Sep 28, 2018
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the us securities and exchange commission has filed a lawsuit accusing the tesla boss of securities fraud. unions claim this is the biggest day of action yet against a series of complaints about conditions by ryanair workers in a raft of countries. ryanair say 35,000 passengers have been affected. unions claim this is the biggest day of action yet against a series the royal mail has discovered what it thinks could be a money—spinner — the subscription box market. that's the marketing name for it, and you may already be a customer — if you, say, subscribe to a weekly or monthly deliveries of food, beauty products, shaving kit, hobbies and crafts, books, the list is endless. who'se doing it? who's doing it? well, londoners to start with. over 50% of them are signed up to at least one service. but the people who simply can't get enough are the welsh. the average person living in wales is subscribing to over four services. each. we're joined by mark street, head of campaigns at royal mail. these figures, it is right across the country, not just these figures, it is right across the country, n
the us securities and exchange commission has filed a lawsuit accusing the tesla boss of securities fraud. unions claim this is the biggest day of action yet against a series of complaints about conditions by ryanair workers in a raft of countries. ryanair say 35,000 passengers have been affected. unions claim this is the biggest day of action yet against a series the royal mail has discovered what it thinks could be a money—spinner — the subscription box market. that's the marketing name...
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Sep 30, 2018
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chairman of the company and pay a $20 million fine to settle his dispute with the us securities and exchange commissionon had sued mr musk for misleading investors when he tweeted that he had secured the financing he needed to take the company back into private hands. mr musk will remain chief executive. have police in denmark say they've questioned and released two people who were travelling in a black volvo that was at the centre of a major security alert on friday. the operation brought parts of denmark to a standstill, with the enforced temporary closure of bridges and ferry services to sweden and germany. two investigations are underway, but danish police say there's no threat to the general public. a court in egypt has given a female activist who spoke out against sexual harassment a two—year jail sentence and a fine for spreading false news. amal fathy has been in detention since may when she posted a video on facebook in which she criticised the government for not doing enough to protect women. the fbi has started its investigation of sexual misconduct allegations against president trump's nomi
chairman of the company and pay a $20 million fine to settle his dispute with the us securities and exchange commissionon had sued mr musk for misleading investors when he tweeted that he had secured the financing he needed to take the company back into private hands. mr musk will remain chief executive. have police in denmark say they've questioned and released two people who were travelling in a black volvo that was at the centre of a major security alert on friday. the operation brought...
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Sep 30, 2018
09/18
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security. tesla's c.e.o. all along mosque and the us security and exchange commission have reached a settlement over fraud charges under the deal musk's going to remain c.e.o. pay a twenty million dollars fine and stepped down as chairman of the company because accused of misleading investors after tweeting he'd secured funding to take the electric car maker private last month those are the headlines coming next it's counting the cost by finance. the jealousy that she just exquisitely. very classy it's part of our culture to look at our very very best for a special occasion and people we spend money everything you see on the catwalk they do it here. it is going to be longevity gold after come in and tell you things. on al-jazeera. hello i'm sam is a than this is counting the cost on al-jazeera your weekly look at the world of business and economics this week a lack of power and water oil rich economy the challenges facing iraq's next government also this week a coffee fix calls for consumers to wake up to challenges leaving coffee farmers in poverty. class google or twenty look at how the search engine which chan
security. tesla's c.e.o. all along mosque and the us security and exchange commission have reached a settlement over fraud charges under the deal musk's going to remain c.e.o. pay a twenty million dollars fine and stepped down as chairman of the company because accused of misleading investors after tweeting he'd secured funding to take the electric car maker private last month those are the headlines coming next it's counting the cost by finance. the jealousy that she just exquisitely. very...
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setback in their march toward the mainstream of global finance and economics after the us securities and exchange commissionor s.c.c. temporarily suspended the trading of to exchange traded notes or securities issued by h b x b t e provider a b. the suspension took effect on sunday evening u.s. time it was announced via twitter the official statement cited their legal authority and said quote the commission temporarily suspended trading in the securities c x b t f and c e t h f because of confusion amongst market participants regarding these instruments the issuer of these two financial instruments x b t provider a b. is a division of quine shareholdings based in the u.k. and essence they offer investors a chance to invest in a crypto currency through these products without having to actually purchase bitcoin or other crypto currency directly. while the future of sweden's new government is not yet certain one thing is clear the nation's election sunday had seen the greatest support ever for the far right party the swedish democrats the party increased their percentage in the national elections from twelve p
setback in their march toward the mainstream of global finance and economics after the us securities and exchange commissionor s.c.c. temporarily suspended the trading of to exchange traded notes or securities issued by h b x b t e provider a b. the suspension took effect on sunday evening u.s. time it was announced via twitter the official statement cited their legal authority and said quote the commission temporarily suspended trading in the securities c x b t f and c e t h f because of...
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09/18
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secured. later tesla said must dp privat. they used it to manipulate thei. the security and exchange commission is running a parallel probe. >>> are you having trouble sleeping maybe even right now? there's a new fad. the internet is raving about it. it contains melatonin. it also has gaba and lcn9. they say consult with your doctor before you consider taking any type of sleeping aid. >>> a little bit of controversy when it comes to sesame trestre. you can see them there in the back. a writer says he wrote the due we as gay based on his own relationship with another man. sesame street says they are muppets and have no exyule orientation. they say they are good friends. >>> a nail biter. stay with us. the bay ara )s new arrived. the sharks will introduce erik karlsson -- tomorrow -- at a news >>> it's a big deal. she here. the shark will introduce carlson tomorrow at a news conference at the south bay. tonight the sharks met the ducks. a few of the guys went to the a's game. a little more fun. former shark throwing out the first pitch. sixth inning, watch closely there. you can't reach over if y
secured. later tesla said must dp privat. they used it to manipulate thei. the security and exchange commission is running a parallel probe. >>> are you having trouble sleeping maybe even right now? there's a new fad. the internet is raving about it. it contains melatonin. it also has gaba and lcn9. they say consult with your doctor before you consider taking any type of sleeping aid. >>> a little bit of controversy when it comes to sesame trestre. you can see them there in...
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the us securities and exchange commission has filed a lawsuit accusing the tesla boss of securities fraud 50% of mobile users were having trouble connecting — it's the latest in a string of it outages for the high street banks. the competition and markets authority says it will carefully consider concerns that loyal customers are being ripped off for mobile, broadband, savings, home insurance and mortgage deals. us billionaire and tech entrepreneur elon musk has been charged with fraud by financial regulators. they allege the boss of tesla deliberately misled investors this year when he tweeted that he planned to take the electric car company private by buying back its shares. mr musk has called the action ‘unjustified' — saying he has always acted in ‘the best interests of truth, transparency and investors‘. the charges could see him barred from running a public company. billions of dollars were wiped off the value of tesla shares. joining us now isjim edwards, founding editor of business insider uk. give us your take on the s e c's findings? this is like a textbook case of how not to ac
the us securities and exchange commission has filed a lawsuit accusing the tesla boss of securities fraud 50% of mobile users were having trouble connecting — it's the latest in a string of it outages for the high street banks. the competition and markets authority says it will carefully consider concerns that loyal customers are being ripped off for mobile, broadband, savings, home insurance and mortgage deals. us billionaire and tech entrepreneur elon musk has been charged with fraud by...
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Sep 27, 2018
09/18
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complaint given everything is exceedingly well drafte >> if you are just joining us, the securities and exchange commissionled a suit suing tesla founder and ceo elon musk for securities fraud, charging that he misled shareholders back on august seventh when he said funding was secured for a buyout of taking tesla private. the stock is down almost 10% in the after hours. we are awaiting a news conference from the s.e.c. authorities in washington. at the top of the hour just a few moments from now we'll get more information as we all sort of go through the complaint, all of the ails there is a lot of detail as harvey pitt just said they put it together quickly and any will take questions. >> they did. the stock is down 10%. we have her comments from bulls thinking it could be a positive catalyst allowing the stock price to recover let's bring in gabe hoffman, she is short the stock gabe, your reaction to this down 10% or so since the news hit at the top of the hour. >> it's still my hedge fund's largest short. i have not covered a single hair this is a kmgtsist i told you would happen august 7th when i came
complaint given everything is exceedingly well drafte >> if you are just joining us, the securities and exchange commissionled a suit suing tesla founder and ceo elon musk for securities fraud, charging that he misled shareholders back on august seventh when he said funding was secured for a buyout of taking tesla private. the stock is down almost 10% in the after hours. we are awaiting a news conference from the s.e.c. authorities in washington. at the top of the hour just a few moments...
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musket the wheel the stock market regulator in the us is seeking to bar him from serving as the electric car maker c.e.o. the securities and exchange commission alleges he committed securities fraud when he tweeted about privatization plans the agency's complaint is the first fraud case involving the use of social media by the c. of a public company in a statement issued by tesla mask or b s c c action unjustified wake up and smell the coffee that's the message to consumers of coffee drinks all over the world this week you see the international price of coffee has fallen below one us dollar per pound bumper harvest same week currencies in places like brazil are being blamed and that's jeopardizing the livelihoods of twenty five million coffee farmers now the international coffee organization says some coffee farmers may be forced to abandon production altogether understand around p.r.t. has more from revering colombia. i leave your coffee plants are as lush and loaded with beans as ever yet for the first time he's considering leaving them on the tree . with the situation as it is right now we can't continue producing we are running out of fer
musket the wheel the stock market regulator in the us is seeking to bar him from serving as the electric car maker c.e.o. the securities and exchange commission alleges he committed securities fraud when he tweeted about privatization plans the agency's complaint is the first fraud case involving the use of social media by the c. of a public company in a statement issued by tesla mask or b s c c action unjustified wake up and smell the coffee that's the message to consumers of coffee drinks all...
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Sep 29, 2018
09/18
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company tesla for at least three years as part of a settlement with the us stock market regulator a securities and exchange commission was suing musk for fraud it said musk had harmed investors and misled the market when he tweeted last month he had secured funding to take the company private he's also been fined twenty million dollars. dollar sport now his job. lauren thank you but we start with the ryder cup in europe will take a commanding lead into the final day singles a record breaking performance from francesco molinari and tommy fleet which helped the home side extend their advantage to four points over the united states david stokes wraps up the best of the action. five another putt hold five another rule from the home crowd after winning five in a row on friday europe picked up where they left off it was the big guns rory mcilroy and sergio garcia leading from the front yard they beat tony pheno and brooks kept up to claim the first point on saturday the but the next match went europe's way to shots like this helped pull casey until houghton take down the world number one dustin johnson and his playing part
company tesla for at least three years as part of a settlement with the us stock market regulator a securities and exchange commission was suing musk for fraud it said musk had harmed investors and misled the market when he tweeted last month he had secured funding to take the company private he's also been fined twenty million dollars. dollar sport now his job. lauren thank you but we start with the ryder cup in europe will take a commanding lead into the final day singles a record breaking...
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us lawmakers that it is up to the task not a good look indeed jared from d.w. social media just thank you. have tumbled thirteen percent of the u.s. securities and exchange commission accusing chief executive. of fraud the f.c.c. says must quote new or was reckless and not knowing that he was misleading investors it all started with a tweet i'm considering taking tests not private at four hundred twenty dollars funding think here and see if the message test i feel you know iran must tweeted to his twenty two million followers last month and here's the response of u.s. regulators who've charged him with fraud. musk statements misled members of the investing public to believe that it was virtually certain he could take private enterprise of four hundred twenty dollars per share which was a substantial premium over a share price at that time because funding for this proposed transaction had been secured and the only contingency remaining was a shareholder vote. the market reacted to this information and tesla stock price quickly traded out we allege that most statements were false and misleading because they lacked any basis in fact on the day of musts tweet last mont
us lawmakers that it is up to the task not a good look indeed jared from d.w. social media just thank you. have tumbled thirteen percent of the u.s. securities and exchange commission accusing chief executive. of fraud the f.c.c. says must quote new or was reckless and not knowing that he was misleading investors it all started with a tweet i'm considering taking tests not private at four hundred twenty dollars funding think here and see if the message test i feel you know iran must tweeted to...
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car maker securities and exchange commission says he committed securities fraud when he tweeted about plans to take the company private last month it is the first fraud case involving the use of social media by the c.e.o. of a public company castro has more from washington. the regulators now suing the federal security and exchange commission says this all started with a tweet in early august musk tweeted to his twenty two million followers that he was considering taking tesla private at a price per share of four hundred twenty dollars federal regulators say there was never a real basis for musk to make that happen and in fact the way he came up with the four hundred twenty dollars valuation hording to the lawsuit is strange itself it alleges that musk made a general estimate and then round of that number up to four hundred twenty because of the numbers significance to the marijuana culture claiming. that it would amuse his girlfriend well the s.e.c. regulators say this was not amusing at all to the stock to the shareholders who bought more tesla stocks based on this tweet alone only to have lost their money once must retracted the plan of going private and not only was it
car maker securities and exchange commission says he committed securities fraud when he tweeted about plans to take the company private last month it is the first fraud case involving the use of social media by the c.e.o. of a public company castro has more from washington. the regulators now suing the federal security and exchange commission says this all started with a tweet in early august musk tweeted to his twenty two million followers that he was considering taking tesla private at a...
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the security and exchange commission filed a complaint today in federal court. paul chambers tells us the case stems from a tweet that elon musk posted last month. >> reporter: tesla ceo is coming under fire again. >> today best ec file charges against elon musk. >> reporter: the securities and exchange commission says the charges stem from this tweet elon musk release back in august which stated considering taking tesla private at $420. funding secured. must committed fraud when he made that tweet. it was false and misleading about the potential transaction. >>> the message that he put out, especially that this was a done deal, very quickly became clear that it was not as finalized as everybody thought. that is why the stocks shot up and then collapse. >> we alleged that musks statements were false they left any basic in fact. at the time he made the statements, must could not secure funding. >> reporter: if that is the case, the sec wants musks to pay back any profits that he obtained go to be prohibited as serving as an officer or director -- director of a public company. >> is not
the security and exchange commission filed a complaint today in federal court. paul chambers tells us the case stems from a tweet that elon musk posted last month. >> reporter: tesla ceo is coming under fire again. >> today best ec file charges against elon musk. >> reporter: the securities and exchange commission says the charges stem from this tweet elon musk release back in august which stated considering taking tesla private at $420. funding secured. must committed fraud...
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us. tesla has plunged in extended trading after the securities and exchange commission accused elon musk of the seating investors with his go private we. the sec is asking a federal court to bar musk from serving for that -- as officer as a company because he is guilty of fraud. tesla's board released a statement saying it is confident in its ceo. joining you on the phone is david kirkpatrick. great to have you on the show. thank you for joining us. will shareholders still believe in a tesla without elon musk as ceo? >> know, they -- they might believe as much as they can. they would not have the same enthusiasm. tesla without elon musk would not be the tesla we know. the chances of him leaving are almost nil despite the sec action today. nejra: do you think he will reach a settlement? >> i think the wall street journal reported tonight there was a settlement that had been agreed and that -- on thursday morning, tesla pulled out of it. i am not sure why they would have done that. clearly there stock has paid a terrible price as a result. a settlement might have hit the stock, too. i cann
us. tesla has plunged in extended trading after the securities and exchange commission accused elon musk of the seating investors with his go private we. the sec is asking a federal court to bar musk from serving for that -- as officer as a company because he is guilty of fraud. tesla's board released a statement saying it is confident in its ceo. joining you on the phone is david kirkpatrick. great to have you on the show. thank you for joining us. will shareholders still believe in a tesla...
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Sep 28, 2018
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us that it is up to the task. >> not a good look, indeed. jerod read, from the dw tech desk. the securities and exchange commissions accusing tesla chief executive elon musk of fraud. the sec says he was misleading investorors, and it all started with a tweet. >> i'm considering taking tesla privatet $420, thundering -- funding secured. this is the message elon musk tweeted toto 22 million followes last month. and here is the response of u.s. regulators who have charged him with fraud. >> mosque's statements misled members of the investing public to believe it was virtually certain he could take tesla private at a price of $420 per share, which was a substantial premium over the share price at that time, because funding for this transaction had been secured, and the only contingency remaining was a shareholder vote. the market reacted to this information at the tesla stock price weekly traded up. we allege musk's statements were false and misleading because they lacked any basis in fact. reporter: on the day of musk's tweet last month, tesla shares shot up, forcing nasdaq to suspend trading for an hour and a half.
us that it is up to the task. >> not a good look, indeed. jerod read, from the dw tech desk. the securities and exchange commissions accusing tesla chief executive elon musk of fraud. the sec says he was misleading investorors, and it all started with a tweet. >> i'm considering taking tesla privatet $420, thundering -- funding secured. this is the message elon musk tweeted toto 22 million followes last month. and here is the response of u.s. regulators who have charged him with...
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Sep 30, 2018
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securities and exchange commission. his resignation coming just two days after the commission sued him over tweets he sent out. (jrs) thank you for joining us tonight at 10. i'm jr stone(justine) and i'm justine waldman. musk will remain as c-e-o for tesla, which builds its electric cars in fremont. kron 4's hermela aregawi is live in the studio with us this evening... hermela, this all started with a tweet musk sent out this summer... (hermela aregawi)that's right.. the tweet basically told shareholders.. that their stocks would soon be worth a lot more money.. as a result of a buyout he had secured.. but the s-e-c says.. that was all a lie. pkgelon musk just lost his job as chairman of tesla..as part of a new settlement with the securities and exchange commission.. he will no longer represent the company's shareholders in a lawsuit filed thursday... the sec says.. musk grossly mislead shareholders in an august 7th tweetsteven peikin/co-director of the secs enforcement divisionmusk's tweets were false and misleading. in the tweet.. musk said this.. "am considering taking tesla private at 420-dollars per share. funding secured."tesla has be
securities and exchange commission. his resignation coming just two days after the commission sued him over tweets he sent out. (jrs) thank you for joining us tonight at 10. i'm jr stone(justine) and i'm justine waldman. musk will remain as c-e-o for tesla, which builds its electric cars in fremont. kron 4's hermela aregawi is live in the studio with us this evening... hermela, this all started with a tweet musk sent out this summer... (hermela aregawi)that's right.. the tweet basically told...
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Sep 28, 2018
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us at nbc news, thank you for watching and good night. exchange commission is >>> right now at 6:00, false and misleading. that is how the securities and exchange commission is describing the behavior of elon musk. the action it took today against him. >>> but first -- >> i thought that brett was accidentally going to kill me. >> this confirmation process has become a national disgrace. >> emotions running high in washington, d.c. beyond. the palo alto doctor and the supreme court nominee facing off with the nation watching. we're now just 12 hours away from a critical vote for his confirmation. >>> plus, a real life lesson. the teachable moment for bay area students from today's riveting testimony. >>> the news at 6:00 starts right now. good evening and thank you for being with us tonight. i'm jessica aguirre. >> i'm raj mathai. it's political theater for many but real life emotion and heartache for others. today's testimony was fiery and passionate and emblematic of our current political climate. >> now, the hearing began with a very different tone, with palo alto psychologist dr. christine blasey ford explaining that despite bei
us at nbc news, thank you for watching and good night. exchange commission is >>> right now at 6:00, false and misleading. that is how the securities and exchange commission is describing the behavior of elon musk. the action it took today against him. >>> but first -- >> i thought that brett was accidentally going to kill me. >> this confirmation process has become a national disgrace. >> emotions running high in washington, d.c. beyond. the palo alto doctor...
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maker the securities and exchange commission says he committed securities fraud when he tweeted about plans to take the company private last month it's the first fraud case involving the use of social media by the c.e.o. of a public company so castro has more from washington d.c. . the regulators now suing the federal security and exchange commission says this all started with a tweet in early august musk tweeted to his twenty two million followers that he was considering taking tesla private at a price per share of four hundred twenty dollars federal regulators say there was never real basis for musk to make that happen and in fact the way he came up with the four hundred twenty dollars valuation hording to the lawsuit is strange itself it alleges that musk made a general estimate and then round of that number up to four hundred twenty because of the numbers significance to the marijuana culture claiming. that it would amuse his girlfriend well the s.e.c. regulators say this was not amusing at all to the stock to the shareholders who bought more tesla stocks based on this tweet alone only to have lost their money once must retracted the plan of going private and not only
maker the securities and exchange commission says he committed securities fraud when he tweeted about plans to take the company private last month it's the first fraud case involving the use of social media by the c.e.o. of a public company so castro has more from washington d.c. . the regulators now suing the federal security and exchange commission says this all started with a tweet in early august musk tweeted to his twenty two million followers that he was considering taking tesla private...
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Sep 28, 2018
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car maker of securities and exchange commission says he committed securities fraud when he tweeted about plans to take the company private last month it is the first fall case involving the use of social media by the c.e.o. of a public company that castro has more from washington. the regulators now suing the federal security and exchange commission says this all started with a tweet in early august musk tweeted to his twenty two million followers that he was considering taking tesla private at a price per share of four hundred twenty dollars federal regulators say there was never a real basis for musk to make that happen and in fact the way he came up with the four hundred twenty dollars valuation hording to the lawsuit is strange itself it alleges that musk made a general estimate and then round of that number up to four hundred twenty because of the numbers significance to the marijuana culture claiming. that it would amuse his girlfriend well the s.e.c. regulators say this was not amusing at all to the stock to the shareholders who bought more tesla stocks based on this tweet alone only to have lost their money once must retracted the plan of going private and not only w
car maker of securities and exchange commission says he committed securities fraud when he tweeted about plans to take the company private last month it is the first fall case involving the use of social media by the c.e.o. of a public company that castro has more from washington. the regulators now suing the federal security and exchange commission says this all started with a tweet in early august musk tweeted to his twenty two million followers that he was considering taking tesla private at...
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us said the u.a.e. is spearheading instability in the region. tesla c.e.o. elon musk and the u.s. securities and exchange commission have reached a settlement over fraud charges under the deal must school remain c.e.o. pay a twenty million dollars fine and stepped down as chairman of the company mosques accused of misleading investors after tweeting he'd secured funding to take the electric car maker private last month coming up next on al-jazeera it's shot a war in the sahara life and. january two thousand and thirteen four thousand french soldiers are deployed in mali. their mission to stop separatist rebels advancing on the capital bamako. but operation survival is different from the long series of interventions by france and its former african colonies. today the french are not the only ones with interests in the region they have to deal with new players china and now the united states is. africa is now a key territory on the global chessboard of the twenty first century. and from libya to the central african republic from south sudan to northern mali conflict and chaos has spread throughout the continent. at t
us said the u.a.e. is spearheading instability in the region. tesla c.e.o. elon musk and the u.s. securities and exchange commission have reached a settlement over fraud charges under the deal must school remain c.e.o. pay a twenty million dollars fine and stepped down as chairman of the company mosques accused of misleading investors after tweeting he'd secured funding to take the electric car maker private last month coming up next on al-jazeera it's shot a war in the sahara life and. january...
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securities and exchange commission the f.c.c. seeking financial penalties on a question that he be barred from serving as an officer or director of a publicly listed company with hydro castro joins us live now from washington d.c. hi it is so what exactly is the f.c.c. accusing moscow of one of the alleging here. well the simple version here daryn is it all boils down to the trouble with a tweet you mention this one it happened in early august when a musk tweeted to his twenty two million followers that he was considering taking tesla private at a price per share of four hundred twenty dollars now the federal regulators are saying that there was really never a basis for musk or tesla making that a reality they said that interesting is how musk arrived at the four hundred twenty dollar number they say he made a crude estimate and then rounded it up to four twenty because of the numbers significance to marijuana culture claiming in an e-mail to a colleague that that would amuse his girlfriend now the regulators say that this was not amusing at all to the stock buyers who helped push up tesla's price that day of the tweet and then ended up losing money when musk withdrew this plan to
securities and exchange commission the f.c.c. seeking financial penalties on a question that he be barred from serving as an officer or director of a publicly listed company with hydro castro joins us live now from washington d.c. hi it is so what exactly is the f.c.c. accusing moscow of one of the alleging here. well the simple version here daryn is it all boils down to the trouble with a tweet you mention this one it happened in early august when a musk tweeted to his twenty two million...
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the securities and exchange commission asked was accused of misleading investors when he tweeted that he had secured funding to take the company private. on their story how does your castro joins us now from washington so this was quite a saga there's still a talk us through what happened and what about the punishment more about the punishment. that's right laurin this all back to a tweet in august that will now perhaps be go down in history as the most expensive tweet in twitter's history in august musk tweeted his twenty two million followers that he was considering taking tesla private that funding was secured at four hundred twenty dollars a share the federal security regulators looked at that and said musk never had the means to make that happen and in fact when he withdrew the plan later the shareholders who bought stocks based on that tweet alone on their competence in musk's word as founder and c.e.o. of tesla then those shareholders lost money and so as part of the settlement musk will be paying twenty million dollars to redress the harm caused to those investors plus tesla itself will be paying another twenty million bring the total cost of this tweet to forty million d
the securities and exchange commission asked was accused of misleading investors when he tweeted that he had secured funding to take the company private. on their story how does your castro joins us now from washington so this was quite a saga there's still a talk us through what happened and what about the punishment more about the punishment. that's right laurin this all back to a tweet in august that will now perhaps be go down in history as the most expensive tweet in twitter's history in...
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Sep 28, 2018
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securities and exchange commission is suing ceo elon musk for fraud seeking his removal from the company it stems from musk's now infamous funding secure tweet. the senior analyst at bernstein joins us now on the phone. toni, welcome back >> thanks for having me. >> i was very surprised. i picked up your note and saw the same price target no change. how is that possible >> look, this story is still very much unfolding. as of yesterday we could have had potentially a settlement we'll have to see what the new chapters are we do believe this is an incremental negative overhang on the stock because there was a settlement opportunity ostensibly and it didn't happen. ultimately there is some risk that elon may not be able to operate in his current capacity in a go forward basis. and the challenge not only does that risk exist but if musk ultimately chooses to fight it, this could take years before we find that out. and that overhang will remain. and so that's clearly an incremental negative we're still learning more about this as the story unfolds. >> i know, but, toni, he is fighting it, right he had a chance to settle in terms that so many people have already come on our air today and s
securities and exchange commission is suing ceo elon musk for fraud seeking his removal from the company it stems from musk's now infamous funding secure tweet. the senior analyst at bernstein joins us now on the phone. toni, welcome back >> thanks for having me. >> i was very surprised. i picked up your note and saw the same price target no change. how is that possible >> look, this story is still very much unfolding. as of yesterday we could have had potentially a settlement...
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us however live with an update into this. >>> after a series of issues elon musk is stepping down as chairman of the board. all part of a settlement with the security and exchange commissione company's future -- future? we will tell you. >>> there is so much help here in week for their combined 1-5 siu many to magic today. >>> raiders hosting the browns and the niners are in la taking on the charges. we are going to have both games to talk about here but first we talk about this weather. because, it is changing. >> it is going to be wet. a deadly feels like weather out there. at this hour. 62 in semper cisco 61 and oakland. these numbers reflect very similar to what we had yesterday morning and for the afternoon expect to get any a repeat. the change of the north bay but we are not expecting showers. we are waking up of the possibility of a drizzle out there favoring the north bay. but for most of us it is a mostly cloudy start today and we are going to continue with this onshore flow as we get into monday night and into tuesday. we have some rain coming our way. we are going to have a mix of sun and clouds and notice how the trend continues to move north and east. so may
us however live with an update into this. >>> after a series of issues elon musk is stepping down as chairman of the board. all part of a settlement with the security and exchange commissione company's future -- future? we will tell you. >>> there is so much help here in week for their combined 1-5 siu many to magic today. >>> raiders hosting the browns and the niners are in la taking on the charges. we are going to have both games to talk about here but first we talk...
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us now live via skype. (pam) new tonight at 6. seaworld, and one of its former c-e-o's, has reached a five- million dollar plus settlement.... in a federal fraud investigation. the securities and exchange commissionof misleading investors about the business impact .... of the 20-14 c-n-n documentary called - "blackfish." the film presented a very critical examination of the treatment of killer whales at seaworld. the s-e-c says, for roughly a year, seaworld made quote - "untrue and misleading statements or omissions" - about the film's impact on the business. the settlement requires the company to pay a four- million penalty... former c-e-o james atchison will pay more than one- million dollars. neither he nor the company admit or deny the allegations. let's take a look outside right now... chief meteorologist lawrence karnow joins us now with the four zone forecast. lawrence karnow: high pressure and offshore winds returned to the bay area today to send temperatures soaring. fire danbger is also a concern. red flag warnings are going up for all bay area mountains tonight and tomorrow. winds will be gusting as high as 35 mph with very dry conditions. on the satellite you can see the skies have cl
us now live via skype. (pam) new tonight at 6. seaworld, and one of its former c-e-o's, has reached a five- million dollar plus settlement.... in a federal fraud investigation. the securities and exchange commissionof misleading investors about the business impact .... of the 20-14 c-n-n documentary called - "blackfish." the film presented a very critical examination of the treatment of killer whales at seaworld. the s-e-c says, for roughly a year, seaworld made quote - "untrue...
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us there in north carolina. gabe, thank you. >>> tesla's board of directors says it has full confidence in ceo elon musk despite a federal lawsuit that's seeking to remove him as head of the company. securities and exchange commissionmisleading investigators when he tweeted last month that he had secured funding for what would have been the largest corporate buyout ever. the lawsuit comes at a time when tesla is struggling to deliver its model 3 sedan after a long series of delays. >>> 8:08. we have the news. hoda is off so somebody has to do the boost, and, craig, you are the man for the job. >> i will give it a shot. jeopardy usually the answers come before the questions, but on last night's show a contestant decided to break format. take a look. >> i just wanted to say one quick thing and ask maria shaffer right there -- >> who is maria, where is she? oh, hello, maria. >> is she would make me a winner today and marry me. will you marry me? >> yes. of course. >> maria, you responded too quickly, i was about to say we will have the answer to that question right after this commercial break. >> that would be what is yes. >> what is yes. good for you. >> what is a fantastic engagement. >> cute. >> by the way, he ende
us there in north carolina. gabe, thank you. >>> tesla's board of directors says it has full confidence in ceo elon musk despite a federal lawsuit that's seeking to remove him as head of the company. securities and exchange commissionmisleading investigators when he tweeted last month that he had secured funding for what would have been the largest corporate buyout ever. the lawsuit comes at a time when tesla is struggling to deliver its model 3 sedan after a long series of delays....
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the securities and exchange commission is suing musk over it forcing him to step down as board chairman and slapping him with a $20 million fine. 420 as i learned today is slang for usingwoman she's calling a syrian refugee mother. the bizarre incident happened after the actress tried taking the woman's kids. take a look. >> hey! [muscled sounds] rachel: lohan even accusing the mother of trafficking her own children. she live streamed this from moscow on instagram. a mother is going viral after singing inside an empty alabama grain bin. listen to this. [echoing singing] ♪ how great thou art. rachel: beautiful. one of my favorite songs. her beautiful rendition of "how great thou art" already getting more than two million views on facebook. beautiful. pete: i want to sing inside a grain bin. why was she inside a grain bin? why not be inside a grain bin. griff: okay. pete: i've never thought about singing inside one. pretty cool. love it. we catch things that maybe you miss and our producers are really good at it. so there was an op-ed out there in a publication i'm not familiar with but it got picked up all over the web; right? and this doctor, his name is dr. warren blu
the securities and exchange commission is suing musk over it forcing him to step down as board chairman and slapping him with a $20 million fine. 420 as i learned today is slang for usingwoman she's calling a syrian refugee mother. the bizarre incident happened after the actress tried taking the woman's kids. take a look. >> hey! [muscled sounds] rachel: lohan even accusing the mother of trafficking her own children. she live streamed this from moscow on instagram. a mother is going viral...
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thousands of user accounts complements also on the program tesla shares plunge after the us securities and exchange commission has accused the company's c.e.o. of fraud we asked a wall street correspondent will the f.c.c. force mosques to step down and the italian job the nation's stocks are tanking in their leaders in rome pledging a big budget overspend brussels is not happy. i'm crystal to the program. facebook promised differently yet here we are again fifty million accounts might be affected in a new data breach the social media giant says it does not know who is behind tuesday's hacking attack and where the perpetrators might be based but the breach could allow hackers to take over facebook accounts users who have used the u.s. feature in the last year are especially vulnerable faced.
thousands of user accounts complements also on the program tesla shares plunge after the us securities and exchange commission has accused the company's c.e.o. of fraud we asked a wall street correspondent will the f.c.c. force mosques to step down and the italian job the nation's stocks are tanking in their leaders in rome pledging a big budget overspend brussels is not happy. i'm crystal to the program. facebook promised differently yet here we are again fifty million accounts might be...
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could this be the end of the road for musk's executive korea the us securities and exchange commission has accused the tesla c.e.o. of fraud he says musk misled investors. took his tension president at a one visits germany at a tricky political time as well as economic but german turkish business relations are on track. and hold on to last year's will in extreme drought in a straight to a shortage of wool pushing up prices to break times. and fizzle unless the business u.s. regulators have accused tesla c.e.o. of the. securities fraud in a complaint filed in manhattan federal court the f.c.c. said musk knew all was reckless in not knowing that he was misleading investors in a series of tweets last month musk told his more than twenty two million twitter followers that he would take tesla private at four hundred twenty dollars a share and that funding had been secured.
could this be the end of the road for musk's executive korea the us securities and exchange commission has accused the tesla c.e.o. of fraud he says musk misled investors. took his tension president at a one visits germany at a tricky political time as well as economic but german turkish business relations are on track. and hold on to last year's will in extreme drought in a straight to a shortage of wool pushing up prices to break times. and fizzle unless the business u.s. regulators have...