Musk under investigation, quotes, Tesla fall

28 September 2018

Another black band in the history of a billionaire

It seems, beloved fans of electric vehicles Elon Musk with someone argued. And argued that it is for 2018 fall in record number of scandals and debacles. It is not excluded that somewhere from the corner keeping an eye on him, the representatives of the Guinness Book of records, which you probably already know that Musk has already broken the previous record. As if the dispute does not explain the fact that a billionaire with such clockwork frequency vlyapyvaetsya in a very unpleasant history? Still hot ash from previous eruptions, as the owner again years in a volcano. Now in America have been made against him a formal charge. The initiator was not aby who, and the Commission on securities and exchange Commission (SEC).

The regulatory authority has any suspicion that Elon Musk is a fraud. Yes, that's about it for so many years saying "maschinenwesen". But in this case referring not to his alleged big Scam with the production of an electric vehicle or "fake" space ships, and a few more mundane thing — the deception of investors. It is believed that the businessman was misled them, trying to manipulate the stock price of Tesla.

It all started with the fact that in early August, Musk has promised to organize a buyout of Tesla stock at $420. The offer sounded a little strange, because at the time the securities were traded around $350. But the billionaire has alleged that he has in mind already there are investors ready to provide financing to repurchase shares.

The news was positively received by the market: indeed, the company intends to buy back shares at a price 20 % above market. It promised a solid instant profit, so that the quotes jumped 6 %. However, then Musk smoked not quite simple cigarette in ether one of American radio stations, and stocks once again began to become cheaper.

guy Elon Musk

Well smoked and smoked, so what? Especially in the state, where the Studio, it is not prohibited. Fans businessman even began to love him more, saying that musk is a very simple guy, not against it, and relax it.

All this would be funny if it were not so sad. It turns out, SEC experts were able to draw a parallel between the statement on redemption of shares and the puffing of soft drugs. Allegedly set their price at $420 took not from the ceiling. As stated by the co-Director of the security Department SEC Steven Peikin, the number 420 has in American culture a strong subtext. So popular are sometimes referred to Smoking marijuana (4:20). And Elon Musk is specially voiced it to impress his girlfriend, the canadian singer Grimes.

Is it really so hard to believe: one of the most successful people of our time, the greatest investor and inventor, who literally worshiped by millions, literally summed up under investigation, just to impress a girlfriend. If we're not talking about a world famous billionaire, and the young man in puberty. It is unknown how much was impressed with Grimes, but we are a very.

Of course, Musk has denied the charges. Supposedly he "always took action in the interest of truth, transparency, and investors."

The Wall Street Journal pichetthat the investigation of the Commission on securities and stock exchanges has not been a surprise to Mask. Moreover, the parties have allegedly reached an amicable agreement, but on Thursday, lawyers of the businessman have refused the transaction. The billionaire didn't like that he would have to leave the post of the Board of Directors of "Tesla" and also enter in the management of two new independent Directors.

Tesla shares on Friday cheaper by 12 %. Now they are trading in the region of $271, which is even farther from the promised buyout price ($420). Although the Musk in late August, said that he refused from this idea. Plus, the SEC States that the head of the Tesla warned investors, and the promised funding had not been. It turns out, the head of Tesla is really just to show off in front of his girlfriend?

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