Shares in Tesla Inc could fall by a fifth in value if the U.S. Securities and Ex...
- Shares in Tesla Inc could fall by a fifth in value if the U.S. Securities and Exchange Commission’s latest attack on Chief Executive Officer Elon Musk sees the regulator again push for his removal, according to J.P. Morgan analysts.
In a court filing on Monday, the regulator pointed to a Musk Feb. 19 tweet: “Tesla made 0 cars in 2011, but will make around 500k in 2019,” noting that Musk did not seek or receive pre-approval before publishing this tweet, which was inaccurate and disseminated to over 24 million people. Brinkman said that could push Tesla shares back to close to a one-year low. Tesla shares reached $244.59 last April, their lowest since early 2017 and more than $50 below Monday’s close of $298.77.
Thirteen of 32 Wall Street brokerages now rate the electric car company a “buy” or higher. Eight view it as a “hold” and 11 “sell” or lower, with a median PT of $327.50
इंडिया ताज़ा खबर, इंडिया मुख्य बातें
Similar News:आप इससे मिलती-जुलती खबरें भी पढ़ सकते हैं जिन्हें हमने अन्य समाचार स्रोतों से एकत्र किया है।
'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.
और पढो »
Elon Musk Did Another Inaccurate Tweet And He’s In Trouble With The SEC AgainElon Musk Is In Trouble With The SEC Again
और पढो »
SEC asks judge to hold Tesla’s Musk in contemptThe Securities and Exchange Commission asked a federal judge on Monday to hold Tesla Inc. CEO Elon Musk in contempt of court, saying he has violated the terms of a settlement with the agency
और पढो »
SEC Asks Manhattan Federal Court to Hold Elon Musk in ContemptThe Securities and Exchange Commission says in a court filing that a Feb. 19 tweet regarding projected production volumes in 2019 violated terms of a prior settlement.
और पढो »
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.
और पढो »
Stocks to drop | CAT suffers double downgrade | SEC wants to penalize Elon MuskU.S. stock futures were pointing to a lower open this morning after Wall Street saw its highest closes since early November.
और पढो »
SEC asks judge to hold Elon Musk in contemptThe Securities and Exchange Commission has asked a federal judge to hold Tesla CEO Elon Musk in contempt for violating a settlement deal reached last year.
और पढो »