Tesla shares popped more than 17% on Monday, erasing losses from last week’s tussle between CEO Elon Musk and the U.S. Securities and Exchange Commission. That “tussle” might have cost Musk $20 million (ands Tesla another $20 million) and his chairman of the board seat. But after an initial shock, investors have apparently recovered. Perhaps […]
View More Tesla shares rebound, erasing losses from SEC-Elon Musk showdownCategory: U.S Securities and Exchange Commission
Benchmark is staying focused, targeting $425M for ninth fund
The firm’s upcoming fund will not include longtime Benchmark general partners Mitch Lasky and Matt Cohler.
View More Benchmark is staying focused, targeting $425M for ninth fundElon Musk agrees to resign as Tesla chairman in settlement with SEC
Tesla CEO Elon Musk will step down as chairman of the electric automaker and pay a $20 million fine under a settlement reached with the U.S Securities and Exchange commission. Musk will remain CEO. Musk will resign from his role as chairman of the Tesla board within 45 days of the agreement, which was filed Saturday. […]
View More Elon Musk agrees to resign as Tesla chairman in settlement with SECThe 7 most eyebrow-raising details in the Elon Musk fraud complaint
The securities fraud complaint filed by the U.S. Securities and Exchange Commission against Tesla CEO Elon Musk contains an eye-opening view into the events leading up to the “funding secured” tweet heard round the internet. And luckily, TechCrunch has read through the document and highlighted the most compelling details, including new insights from the SEC’s […]
View More The 7 most eyebrow-raising details in the Elon Musk fraud complaintTesla CEO Elon Musk calls SEC fraud charges an ‘unjustified action’
Tesla CEO Elon Musk described fraud charges filed Thursday by the U.S. Securities and Exchange Commission an “unjustified action” that has left him “deeply saddened and disappointed” in a statement sent to TechCrunch. The SEC alleges in a complaint filed against the CEO that Musk lied when he tweeted on August 7 that he had “funding […]
View More Tesla CEO Elon Musk calls SEC fraud charges an ‘unjustified action’Tesla shares plummet after SEC files fraud charges against Elon Musk
Tesla shares dropped more than 13 percent in after-hours trading Thursday after the Securities and Exchange Commission filed securities fraud charges against CEO Elon Musk . The SEC alleges in a complaint filed against the CEO that Musk lied when he tweeted on August 7 that he had “funding secured” for a private takeover of the […]
View More Tesla shares plummet after SEC files fraud charges against Elon MuskAirbnb wants to give its hosts equity in its business
Airbnb wants to give the homeowners who power its service the opportunity to own a piece of its business. That’s why, as Axios reports, the $31-billion-valued company has written to the SEC to ask if its rules around security ownership can be revised. Specifically, Airbnb is seeking a change to the SEC’s Rule 701 — which […]
View More Airbnb wants to give its hosts equity in its businessA Tesla investor says he was recently questioned by US regulators about that infamous ‘funding secured’ tweet
Last week, onstage at TechCrunch Disrupt, regulator Jina Choi, who heads the SEC’s wide-reaching San Francisco unit, declined to confirm or deny that the SEC is investigating Tesla CEO Elon Musk for possible fraud. Said Choi, “I can’t tell you about any particular investigation in our office. And I can’t confirm or deny the existence […]
View More A Tesla investor says he was recently questioned by US regulators about that infamous ‘funding secured’ tweetIt’s the end of crypto as we know it and I feel fine
Watching the current price madness is scary. Bitcoin is falling and rising in $500 increments with regularity and Ethereum and its attendant ICOs are in a seeming freefall with a few “dead cat bounces” to keep things lively. What this signals is not that crypto is dead, however. It signals that the early, elated period […]
View More It’s the end of crypto as we know it and I feel fineICOs are increasingly just for venture capitalists
The rollercoaster-get-rich ICOs of 2017 are over — crypto companies are waking up to the idea that VC investors aren’t so bad after all. Companies used initial coin offerings (ICOs) to raise some $5.5 billion in cryptocurrency-based funding last year. As an emerging investment system with no regulation, nearly anyone was allowed in. The knock-on effect […]
View More ICOs are increasingly just for venture capitalistsTesla shares fall as two more high-profile executives resign
Tesla shares plunged as much as 10% Friday morning following two high-profile executive departures. Tesla shares have since recovered and were down 5.4% to $265.77 a share at 8:20 am P.T. The executive departures were just the latest tumult at the automaker headed by CEO Elon Musk . Just hours before, Musk capped off a […]
View More Tesla shares fall as two more high-profile executives resignThe SEC has never been busier investigating both private and public companies in the Bay Area, suggests agency head
Yesterday at TechCrunch Disrupt, Jina Choi, the longtime head of the SEC’s San Francisco unit, declined to confirm that her agency is investigating Tesla CEO Elon Musk for his now infamous tweet about securing funding for a take-private maneuver. Choi did pull back the curtain substantially with regard to how the agency — which has […]
View More The SEC has never been busier investigating both private and public companies in the Bay Area, suggests agency head