Report: SEC subpoenas Tesla about CEO's buyout plans

Report: SEC subpoenas Tesla about CEO's buyout plans

6 years ago
Anonymous $oIHRkISgaL

https://apnews.com/81f9bb2cf59d4bf395a48272bda7e192

SAN FRANCISCO (AP) — Government regulators have subpoenaed Tesla as they dig deeper into CEO Elon Musk's recent disclosure about a potential buyout of the electric car maker, according to media reports.

The subpoena from the Securities and Exchange Commission demands information from each of Tesla's nine directors, according to a story published Wednesday in The Wall Street Journal . The newspaper cited an unidentified person familiar with the matter after Fox Business News reported the SEC's move.