31°F
weather icon Mostly Clear

SEC files complaint against Tesla CEO

U.S. securities regulators are asking a federal court to oust Tesla Inc.’s Elon Musk as chairman and CEO, alleging in a complaint that he committed securities fraud with false statements about plans to take the company private. The Securities and Exchange Commission says in the complaint filed Thursday that Musk falsely claimed in an Aug. 7 statement on Twitter that funding was secured to go private at $420 per share, a substantial premium over the price at the time.
Elon Musk, Tesla CEO Local experts say Tesla’s Gigafactory in Reno is secure — with or without its current CEO, and even if the company were to go belly up. Sam Abuelsamid, senior research analyst at Navigant Research

THE LATEST
Sports on TV in Las Vegas

Here’s today’s local and national sports schedule, including television and radio listings.

Yen rises against the U.S. dollar; Gold reaches $5,100 an ounce

Gold gained 2% to nearly $5,100 an ounce, while silver jumped 6.4% to about $108 per ounce. The value of precious metals has surged in recent months as investors sought relatively safe places to invest.

THE LATEST
Seahawks defeat Rams in NFC title game, advance to Super Bowl

The Seattle Seahawks, on three touchdown passes by journeyman quarterback Sam Darnold, beat the Los Angeles Rams 31-27 in the NFC title game Sunday, advancing to Super Bowl 60 where they will play the New England Patriots.