Tesla has added two new members to its board on Thursday. The electric automaker named Oracle co-founder Larry Ellison and Kathleen Wilson-Thompson to its board in compliance with an SEC settlement reached in September.
FutureCar Staff 2018-12-28 11:36 PT
The second biggest U.S. ride-hailing startup Lyft Inc. has filed confidential paperwork for an IPO, indicating its plans to go public in 2019. Lyft would be the first company to allow investors to buy into the rapidly growing ride-hailing industry.
Eric Walz2018-12-06 12:11 PT
A U.S. judge approved Tesla’s and Chief Executive Elon Musk’s $40 million settlement with the U.S. Securities and Exchange Commission, resolving government claims that Musk misled the public with a number of tweets about plans to take the automaker private.
Eric Walz2018-10-16 13:11 PT
Musk will resign his role as Tesla’s chairman for three years, but will retain his position as the company’s CEO. In addition to paying a $20 million fine, Tesla will also have to pay a separate $20 million penalty.
Vineeth Joel Patel2018-10-01 14:30 PT
The Securities and Exchange Commission, the government agency responsible for enforcing the federal securities laws and protecting investors, sued Tesla chief Elon Musk on Thursday, saying he lied to investors when he claimed he had secured the funding to take the automaker private.
Eric Walz2018-09-27 14:09 PT
Tesla CEO Elon Musk confirmed in a blog post that the Saudi Arabian sovereign wealth fund approached him multiple times about taking Tesla private. He said they first met with him at the beginning of 2017.
Jacky Ho2018-08-13 12:05 PT
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