Tesla stock drops on report company faces US criminal probe over Musk's take-private tweets

Tesla stock drops on report company faces US criminal probe over Musk's take-private tweets

6 years ago
Anonymous $oIHRkISgaL

https://www.cnbc.com/2018/09/18/tesla-stock-drops-after-company-reportedly-to-face-us-criminal-probe-over-musk-statements.html

Tesla shares dropped almost 5 percent after Bloomberg News reported that the company is facing a criminal probe over CEO Elon Musk's tweets about taking the company private.

Musk tweeted on Aug. 7 that he was thinking about taking the electric car maker private at $420 and that funding was secured, sending the stock soaring 11 percent, near an all-time high, that day to $387.46. All of those gains — and then some — have since been erased.