The ongoing public battle between Tesla's chief executive and the SEC piles pressure on Musk, the public face of Tesla, who is struggling to make the company profitable after cutting the price of its Model 3 sedan to $35,000. The SEC said a Feb. 19 tweet that Musk sent to his more than 24 million Twitter followers claiming the electric vehicle-maker would build...
The fraud settlement between Musk, Tesla and the SEC resolved a lawsuit brought by the regulator over claims Musk made on Twitter in August that he had "funding secured" to take Tesla private at $420 per share. The SEC called those tweets "false and misleading" and a go-private deal never materialized. "It is therefore stunning to learn that, at the time of filing of the...
"This contempt action, following Musk's sincerely-held criticism of the SEC on 60 Minutes, also reflects concerning and unprecedented overreach on the part of the SEC," the filing added. The settlement between Musk, Tesla and the SEC resolved an SEC lawsuit over claims Musk made on Twitter in August that he had "funding secured" to take Tesla private at $420 per...
The U.S. Securities and Exchange Commission asked a federal court in Manhattan to hold Musk in contempt after he tweeted about Tesla's production volume, saying he breached the agreement requiring him to get company approval before sharing any material information on social media. The allegations from Sean Gouthro, the former head of Tesla's global...
Feb 26- Tesla Inc Chief Executive Officer Elon Musk criticized the U.S. Securities and Exchange Commission on Tuesday, after it accused him of violating the terms of a settlement last year of fraud charges against him. In a filing on Monday, the SEC said that in a tweet on Feb. 19 Musk had broken a promise made last year to have his public statements vetted by the...
Outgoing Twenty-First Century Fox Chief Executive James Murdoch is the lead candidate to replace Elon Musk as Tesla chairman, the Financial Times reported on Wednesday, but Musk in a tweeted reply to the newspaper said, "This is incorrect."
Jim Stewart, New York Times, joins 'Squawk on the Street' to discuss his article on Tesla CEO Elon Musk giving Tesla an ultimatum to fight SEC or quit.
Tesla's board caved to the company co-founder's demand, according to people familiar with the board's decision. Two days later, the company and Mr. Musk settled with regulators.
Tesla shareholders have apparently rejected two proposals supporters had said would bring transparency and better governance to the electric car maker's board.
Murdoch questioned the ad-based business model that Facebook has repeatedly defended.
Kara Swisher, Recode executive editor, discusses Twenty-First Century Fox CEO James Murdoch's comments about competition from Netflix as well as the proposed sale of Fox assets at the Code Conference.
CNBC's Jim Cramer says he wouldn't count out Comcast Chairman and CEO Brian Roberts just yet.
His brother James Murdoch, who is currently the CEO of 21st Century Fox, is notably missing from the announcement.
CNBC's Julia Boorstin reports the latest on the reorganziation of Fox assets with the potential sale to Disney.
Disney's earnings report comes as its blockbuster deal with Twenty-First Century Fox looms over the rest of the entertainment industry.
Comcast's $31 billion offer for British broadcaster Sky challenges a lower takeover bid from Rupert Murdoch's Fox.
At some point, monthly costs for customers will force them to choose between services, which could pressure companies into reaggregation.
Investors are keeping an eye on Fox's pending deal to be acquired by Disney for $66.1 billion, including debt.
The ESPN service, expected to launch in early 2018, will be Disney's first direct-to-consumer streaming product.
Last week Kevin Mayer looked like the favorite to become the new head of ESPN, said Eric Jackson. This week? Not quite as much.