Musk is facing contempt of court allegations after he tweeted what the SEC claims was 'inaccurate' information about Tesla's production.
A major Tesla backer doesn't fear an SEC-inspired ouster of CEO Elon Musk, according to a new report by Barron's.
Baillie Gifford is the second-largest stakeholder in Tesla behind Musk. The U.K.-based investment firm owns 7.7 percent of the company — or roughly $3.8 billion worth — according to FactSet. Musk owns 19.7 percent, while the third-largest investor, T. Rowe Price, owns 5.2 percent. Tesla has long touted the importance of keeping Musk in the top spot, saying in annual SEC filings that Tesla is"highly dependent on the services of Elon Musk, our Chief Executive Officer and largest stockholder."
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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:
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The 'un-iPhone moment' — here's what analysts had to say about Tesla's new Model 3Analysts were unimpressed after Tesla CEO Elon Musk announced a cheaper Model 3 yesterday afternoon.
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Tesla to unveil Model Y on March 14, says MuskTesla Inc will unveil its Model Y on March 14 at an event in LA Design Studio, C...
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Why Elon Musk Should List Tesla Shares In GermanyInstead of taking Tesla private, Elon should list Tesla in Germany. In Germany he can have regulatory carte blanche, and can tweet anything he wants with no retribution – no matter how fraudulent. Moreover, short sellers and press critics would likely be investigated the moment they speak out.
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Tesla to unveil Model Y SUV on March 14, Musk says in tweet
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Tesla set to unveil Model Y crossover SUV, Elon Musk says“Model Y unveil event on March 14 at LA Design Studio,” Chief Executive Elon Musk tweeted Sunday.
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Why Elon Musk Should List Tesla Shares In GermanyInstead of taking Tesla private, Elon should list Tesla in Germany. In Germany he can have regulatory carte blanche, and can tweet anything he wants with no retribution – no matter how fraudulent. Moreover, short sellers and press critics would likely be investigated the moment they speak out.
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Short-seller Block: Musk should relist Tesla shares in Germany, where he can tell 'mistruths' easierElon Musk isn't being held accountable for his 'mistruths,' and the Tesla CEO should list his company's shares in Germany where regulations are loose, short-seller Carson Block says.
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