After exciting announcement of a possible stock exchange withdrawal from Tesla, US stock Exchange supervisor has sent a subpoena to Elektrowagenhersteller. The Authority SEC wants to provide information about a potential withdrawal from each of nine board members, reported Wall Street Journal, citing an insider. Previously, Fox Business News had already reported on SEC's step. Both supervisor and Tesla did not want to comment on this.
Tesla boss Elon Musk had announced on August 7th in a tweet to privatize Tesla to stock price of 420 US dollars.
On considering taking Tesla private at $420. Funding secured.— Elon Musk (@elonmusk) August 7, 2018
As a legal explosive, his assertion that financing for such a deal is secured is particularly true.
The SEC subpoena was evaluated as a sign that overseers began with formal investigations into veracity of Musks tweet. In same communication, Tesla chief had written that he was talking to Saudi Arabia's sovereign wealth fund about financing stock market. The deal would require between 25 and 50 billion dollars from analysts ' point of view.
In SEC's investigations, it will also be a question of wher Musk with his tweets mainly wanted to drive up stock price of Tesla. Following his announcement of stock market withdrawal, share had risen by eleven percent, which caused many investors to put up with a decline in number of papers. Since n, share went down again. In addition, re are at least two complaints from investors who accuse Musk of having violated law with his tweet.Date Of Update: 17 August 2018, 12:00