• SENSEX
    NIFTY 50
Auto

Five things to know about the SEC's complaint against Elon Musk

Updated : September 28, 2018 10:00 AM IST

The SEC conducted interviews confirming that Musk had been holding talks with a sovereign investment fund — identified by Tesla as Saudi Arabia's Public Investment Fund — dating back to January.
Musk floated the buyout price because 420 is slang for marijuana — a now legal drug in Tesla's home state of California.
After Tesla published Musk's blog post elaborating on his initial tweet, the company's head of investor relations continued to perpetuate the notion that Musk had locked up the financing for a deal that probably would have cost anywhere from $25 billion to $50 billion to pull off.
Five things to know about the SEC's complaint against Elon Musk
primo org
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more

You May Also Like

Live TV