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Tesla CEO's buyout bid raises eyebrows, legal concerns

Tesla CEO's buyout bid raises eyebrows, legal concerns

6 years ago
Anonymous $oIHRkISgaL

https://phys.org/news/2018-08-tesla-ceo-buyout-eyebrows-legal.html

If Musk can pull it off, he will have burnished his reputation as an eccentric visionary who has been compared to Tony Stark, the billionaire playboy depicted by actor Robert Downey Jr. in the "Iron Man" movies.

But if the buyout flops, Musk and Tesla will likely face class-action lawsuits from shareholders alleging they were duped, and potential legal trouble from the Securities and Exchange Commission, too.