Elon Musk plans to buy another $20 million in Tesla stock

Elon Musk plans to buy another $20 million in Tesla stock

6 years ago
Anonymous $oIHRkISgaL

https://techcrunch.com/2018/10/17/elon-musk-plans-to-buy-another-20-million-in-tesla-stock/

Tesla CEO Elon Musk, the company’s largest shareholder, intends to buy another $20 million in common stock, a move that appears to be in response to a recent settlement with the U.S. Securities and Exchange Commission, according to a filing Wednesday.

The 8-K document detailed a settlement agreement between Musk, Tesla and the SEC over allegations of securities fraud connected to his August 7 “funding secured” tweet about taking the electric automaker private. A federal judge approved the settlement Tuesday.