Tesla shares rebound, erasing losses from SEC-Elon Musk showdown

Tesla shares rebound, erasing losses from SEC-Elon Musk showdown

6 years ago
Anonymous $oIHRkISgaL

https://techcrunch.com/2018/10/01/tesla-shares-rebound-erasing-losses-from-sec-elon-musk-showdown/

Tesla shares popped more than 17% on Monday, erasing losses from last week’s tussle between CEO Elon Musk and the U.S. Securities and Exchange Commission.

That “tussle” might have cost Musk $20 million (ands Tesla another $20 million) and his chairman of the board seat. But after an initial shock, investors have apparently recovered. Perhaps it was Musk’s leaked internal email (later filed as an 8k with the SEC) that stated Tesla is “close to achieving profitability.”