Profile Informations

Login Datas

or login

First name is required!
Last name is required!
First name is not valid!
Last name is not valid!
This is not an email address!
Email address is required!
This email is already registered!
Password is required!
Enter a valid password!
Please enter 6 or more characters!
Please enter 16 or less characters!
Passwords are not same!
Terms and Conditions are required!
Email or Password is wrong!

US regulator alleges Elon Musk Tesla fraud

The US Securities and Exchange Commission has filed a lawsuit against Tesla chief executive Elon Musk, in which it alleges securities fraud.

The suit stems from Mr Musk's claim last month that he had secured funding to take the publicly-traded firm private.

The regulator says Mr Musk had made no such plans.

The lawsuit was filed in the US District Court in Manhattan.

"In truth and in fact Musk had not even discussed much less confirmed key deal terms, including price, with any potential funding source," it says.

Go to Source