Tesla Inc Chief Executive Elon Musk’s decision to abruptly abandon a plan to take his electric carmaker private will not resolve his mounting regulatory and legal woes, and may even make them worse, some securities lawyers said. It was on Aug. 7 that Musk first surprised investors with his plan by tweeting that he had “funding secured” for a go-private deal, which would have had a value of $72 billion. Musk and Tesla are facing investor lawsuits and a U.S. Securities and Exchange Commission investigation into the truthfulness of the CEO’S Aug. 7 tweets, according to an Aug. …read more
Source:: Yahoo Finance
