91°F
weather icon Mostly Cloudy

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
After late-semester protests, Emory marks graduation ‘not in the quad’

Emory University held its undergraduate commencement at Gas South Arena Monday morning — breaking from the tradition of the ceremony at the quad at the school’s Druid Hills campus.

THE LATEST
Takeaways from Cohen’s pivotal testimony in Trump hush money trial

Cohen provided jurors with an insider’s account of payments to silence women’s claims of sexual encounters with Trump, saying the payments were directed by Trump to fend off damage to his 2016 White House bid.