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Musk’s U-turn on Tesla deal could intensify his legal, regulatory woes

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 […]

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Business + Coffee: Musk abandons Tesla go-private plans, Buffett buys stake in Paytm, Tiger Woods defends Trump

Monday, August 27: Elon Musk announces in a blog post that he will not take Tesla private; Warren Buffett’s Berkshire Hathaway to buy stake in India’s Paytm; Tiger Woods urges support of President Donald Trump and ‘respect of the office.’ Yahoo Finance’s Julia La Roche pours over today’s Business + Coffee! …read more […]