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Elon Musk And Tesla Settle SEC Fraud Case For $40m,Will Resign As Tesla Chairman by obafemee80(m): 1:26am On Sep 30, 2018 |
Tesla and its chief executive Elon Musk have reached a $40m (₦14.5 billion in Naira) settlement with Securities and Exchange Commission on the charges filed against him for fraud and misleading investors over his post on Twitter last month that he had “funding secured” for a buyout of the electric-car company at $420 a share. According to the terms of the settlement, he will resign as the chairman of Tesla for three years and will also pay a $20 million penalty that will be used to compensate investors. But he will remain as Tesla’s CEO during that time. Tesla will also pay an additional $20 million fine for failing to censor Elon Musk's tweet. Tesla is required to appoint two new independent directors to its board and must take steps to monitor Musk’s communications with investors. Elon Musk must also seek approval before posting Tesla-related information on Twitter. https://autojosh.com/tesla-and-elon-musk-settle-sec-fraud-case-for-40mwill-resign-as-tesla-chairman/ 8 Likes 1 Share |
Re: Elon Musk And Tesla Settle SEC Fraud Case For $40m,Will Resign As Tesla Chairman by GavelSlam: 1:43am On Sep 30, 2018 |
Slap on the wrist. 6 Likes |
Re: Elon Musk And Tesla Settle SEC Fraud Case For $40m,Will Resign As Tesla Chairman by CarGuideNG: 2:10am On Sep 30, 2018 |
This is the better outcome, they were previously suing to completely remove the visionary from the decision-making process at Tesla 8 Likes 1 Share |
Re: Elon Musk And Tesla Settle SEC Fraud Case For $40m,Will Resign As Tesla Chairman by anibirelawal(m): 4:00am On Sep 30, 2018 |
See wetin twitter don cause dis man now.... by just posting unguided word, the ground is shaking on him already. 38 Likes |
Re: Elon Musk And Tesla Settle SEC Fraud Case For $40m,Will Resign As Tesla Chairman by opalu: 7:10am On Sep 30, 2018 |
If they sue Trump for his tweets like this, by now US would have paid more than $10 trillion for this COVFEFE imanika 33 Likes 3 Shares |
Re: Elon Musk And Tesla Settle SEC Fraud Case For $40m,Will Resign As Tesla Chairman by SamAzing: 7:11am On Sep 30, 2018 |
Social media these days, is the fastest way down and the quickest way up. Be wise with your hands typing you out there. 37 Likes
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Re: Elon Musk And Tesla Settle SEC Fraud Case For $40m,Will Resign As Tesla Chairman by Berankis: 7:12am On Sep 30, 2018 |
Electric car manufacturing may be the future of automobiles but as at today, it is not! Tesla over its15years in business has never made a profit. So claiming via Twitter to taking the company private and securing funds for it was considered fraud and misleading investors. Let's just try to emulate, learn from this people from their acts of lawfulness and discipline, so we can be a better nation. 22 Likes 1 Share |
Re: Elon Musk And Tesla Settle SEC Fraud Case For $40m,Will Resign As Tesla Chairman by cana882(m): 7:12am On Sep 30, 2018 |
Just cause of 1 tweet?? For those that didn't read, this is the highlight: 15 Likes 2 Shares
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Re: Elon Musk And Tesla Settle SEC Fraud Case For $40m,Will Resign As Tesla Chairman by franchasng: 7:13am On Sep 30, 2018 |
Better nation where things work. Do you know why America is a great country today Simply because the country is built on honesty, fairness and equality. American law respects no class; be it poor or rich the law must take its course. Dangote ought to have been jailed or paying off huge fines running into billions if Nigeria were to be a normal nation, but down here, they buy their way even when they break the law, what a failed nation called Nigeria 40 Likes 1 Share |
Re: Elon Musk And Tesla Settle SEC Fraud Case For $40m,Will Resign As Tesla Chairman by Babysho(m): 7:13am On Sep 30, 2018 |
Elon Musk, founder, CEO, and lead designer of SpaceX; co-founder, CEO, and product architect of Tesla, Inc.; co-founder and CEO of Neuralink; and co-founder of PayPal uses 'Am' instead of 'I'm'. 61 Likes 6 Shares |
Re: Elon Musk And Tesla Settle SEC Fraud Case For $40m,Will Resign As Tesla Chairman by feldido(m): 7:14am On Sep 30, 2018 |
I am sure it was a deliberate act by Elon Musk and a well deserved penalty. As a Chairman of a Multi billion dollar company, u don't tweet anyhow. Next should be Charlie Lee of Litecoin 7 Likes |
Re: Elon Musk And Tesla Settle SEC Fraud Case For $40m,Will Resign As Tesla Chairman by GrammarNazi1(m): 7:22am On Sep 30, 2018 |
anibirelawal: 26 Likes 2 Shares
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Re: Elon Musk And Tesla Settle SEC Fraud Case For $40m,Will Resign As Tesla Chairman by EzendiEgo1: 7:23am On Sep 30, 2018 |
Wow |
Re: Elon Musk And Tesla Settle SEC Fraud Case For $40m,Will Resign As Tesla Chairman by Berankis: 7:25am On Sep 30, 2018 |
Babysho:On Twitter, the importance of "I'm" or "am" is insignificant. What your statement implies is most important and not how it is constructed. 2 Likes |
Re: Elon Musk And Tesla Settle SEC Fraud Case For $40m,Will Resign As Tesla Chairman by CoolAmbience(m): 7:25am On Sep 30, 2018 |
franchasng: United States of America is built on fairness, honesty.....bla bla bla. Was their presidential election not rigged? Dangote is a blessing to Nigeria incase you don't know. You don't seem to know what it means to have over 10,000 people in your employ and counting... 8 Likes |
Re: Elon Musk And Tesla Settle SEC Fraud Case For $40m,Will Resign As Tesla Chairman by Nobody: 7:31am On Sep 30, 2018 |
I’m no board Chairman, so I can continue tweeting any way I like 2 Likes |
Re: Elon Musk And Tesla Settle SEC Fraud Case For $40m,Will Resign As Tesla Chairman by Nobody: 7:40am On Sep 30, 2018 |
CoolAmbience:poorly paid 2 Likes 1 Share |
Re: Elon Musk And Tesla Settle SEC Fraud Case For $40m,Will Resign As Tesla Chairman by franchasng: 7:47am On Sep 30, 2018 |
CoolAmbience:When you hear Americans saying their last presidential election was rigged, don't confuse it with your own type of brazen rigging as seen in Ekiti and Osun elections. What they meant is some social media promotion firms from Russia created image lifting videos and campaigns to favor Donald Trump and to tarnish Hillary Clinton by exposing Hillary's past dark political secrets to make Americans dislike Hillary and prefer Trump. So they used Facebook more to push these messages to more American voters which made them to vote more for Trump, not as if it was rigged by changing figures like APC did in Ekiti and Osun. Now back to Dangote, Dangote is the luckiest Nigerian alive and that's why he stay off contesting any political posts cos he knows past heads of states and presidents will expose him and kill his empire. Dangote is not a self made billionaire. Dangote got his first business startup money from his billionaire uncle Alhj. Dantata + business connections and political connections from his father, uncles, etc. How many Nigerians had such opportunity If many Nigerians here have someone to give them just 5million to startup a business or fund their ideas, many will become richer in few years to come. Dangote is the looting pipe and front for majority of past Nigerian heads of state excluding: 1. Abacha 2. Yaradua 3. Goodluck Dangote gets a lot of tax and FOREX waivers running into billions while other competitors don't get! The FOREX waivers Dangote gets alone can make any mad man a very rich person Let me explain the FOREX waiver Dangote gets to you. If dollar is 365 naira in black market, and CBN is selling dollar at 310 naira. Federal Government will issue Dangote a FOREX waiver to obtain dollar from CBN at official rate of 310 naira to encourage him so he can employ more. Dangote will buy this dollar and move it outside Nigeria and round trip to make billions. That alone is a multi billion dollar business that made Aisha Buhari and many top APC chieftains billionaires in 2015/2016 when dollar shot up to 500naira = $1. They will get waiver from CBN to buy $ at official rate of say 310nairs = $1 and they go to black marker to sell it for 480naira = $1, now check how much they will make selling like $50million Dangote gets monopoly while his competitors gets shutdown. Obasanjo did it for him as against IBETO! Dangote and Otedola used to be sworn secret enemies due to his cousin Rahamania Oil issue with Otedola, what rescued Otedola is Goodluck that brought him back from Ghana as soon as he became president because Otedola used to respect him even while he was VP. They wanted to kill Otedola, they slapped him with several fines and charges running into billions, Goodluck waived all that but still mumu Yorubas hate Goodluck even after all the favor he also gave to their god Tinubu's OANDO oil but just because Tinubu wanted him to give his relative minister of petroleum job which he didn't, he turned against him. Nature will humble Tinubu sha, soon! So stop over hyping Dangote cos he did nothing special to become the political business billionaire he is today. When u talk about self made billionaires, u talk about the man in topic of discussion that brought us here in the first place 53 Likes 9 Shares |
Re: Elon Musk And Tesla Settle SEC Fraud Case For $40m,Will Resign As Tesla Chairman by Nobody: 7:50am On Sep 30, 2018 |
Re: Elon Musk And Tesla Settle SEC Fraud Case For $40m,Will Resign As Tesla Chairman by Aldebaran(m): 7:51am On Sep 30, 2018 |
franchasng:Nice 12 Likes 4 Shares |
Re: Elon Musk And Tesla Settle SEC Fraud Case For $40m,Will Resign As Tesla Chairman by computerglobal(m): 7:53am On Sep 30, 2018 |
Re: Elon Musk And Tesla Settle SEC Fraud Case For $40m,Will Resign As Tesla Chairman by rozayx5(m): 7:58am On Sep 30, 2018 |
feldido: Charlie sold all his coins Litecoin is not a listed company |
Re: Elon Musk And Tesla Settle SEC Fraud Case For $40m,Will Resign As Tesla Chairman by Rumicarter: 7:59am On Sep 30, 2018 |
Twitter Fingers. |
Re: Elon Musk And Tesla Settle SEC Fraud Case For $40m,Will Resign As Tesla Chairman by Richie0974: 8:00am On Sep 30, 2018 |
franchasng: See the bolded part?... Dream on, forget whay they show you on tv and read on mainstream media. 2 Likes |
Re: Elon Musk And Tesla Settle SEC Fraud Case For $40m,Will Resign As Tesla Chairman by madridsta007(m): 8:02am On Sep 30, 2018 |
franchasng: Enough said. Same thing which they did to cripple Ibeto Cement. Gave Dangote a lot of concessions which made him sell Cememt almost at half-price to Ibeto’s. When Ibeto was out-priced and crumbled, Dangote went back to his normal price. 10 Likes 2 Shares |
Re: Elon Musk And Tesla Settle SEC Fraud Case For $40m,Will Resign As Tesla Chairman by Sunymoore(m): 8:03am On Sep 30, 2018 |
franchasng:You know nothing.. 1 Like |
Re: Elon Musk And Tesla Settle SEC Fraud Case For $40m,Will Resign As Tesla Chairman by shine12: 8:04am On Sep 30, 2018 |
franchasng: Hahaha. Yes they certainly do better than most countries. Honesty, fairness and equality, really. A country where 40 million of its citizens could not swim in public swimming pools and attend half of its universities and where only one KKK racial murder has ever been prosecuted. America is great only because of capitalism and commerce.Thats all. Its been the country with the largest monied interest for centuries. 5 Likes |
Re: Elon Musk And Tesla Settle SEC Fraud Case For $40m,Will Resign As Tesla Chairman by Sunymoore(m): 8:04am On Sep 30, 2018 |
Berankis:What's wrong is wrong. 3 Likes 1 Share |
Re: Elon Musk And Tesla Settle SEC Fraud Case For $40m,Will Resign As Tesla Chairman by franchasng: 8:09am On Sep 30, 2018 |
madridsta007:yes Dangote is doing the same to kill Lafarge cement Wapco. You can imagine French Investors in collabo with other foreign investors can't compete with Dangote in cement business in Nigeria due to Dangote using Nigerians Commonwealth to favor his personal business. Dangote kills off competitors using government indirect funding via waivers and ill policies. Dangote is going into everything; from FMCGs (Dangote Sugar, Flour, Pasta, etc) to transport to cement to rice production to oil/gas to construction to anything human, why Dangote just ventured into vehicle assembling just because he doesn't want to patronize Nigerians already into truck vehicle assembling, is that healthy for a nation Nigerian government is dull! I don't blame them sha, its cos its been in the hands of cows and Maluus and their slave 14 Likes 4 Shares |
Re: Elon Musk And Tesla Settle SEC Fraud Case For $40m,Will Resign As Tesla Chairman by lloyds(m): 8:12am On Sep 30, 2018 |
franchasng: Several things you said are right, but there were figure manipulation in the American process also, and a lot of people esp. Russians created fake profiles on social media platforms to involve and twist the process. Yes, there is high level thoroughness and tact in the process unlike what we have here in Nigeria. |
Re: Elon Musk And Tesla Settle SEC Fraud Case For $40m,Will Resign As Tesla Chairman by franchasng: 8:13am On Sep 30, 2018 |
shine12:America is a nation where anybody can achieve their dream. Whatever dream. Anybody can become anybody in America if that person works dedicated, focused to achieve that dream. America is a nation where any dream can be achieved bra 5 Likes 2 Shares |
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