Elon Musk’s infamous tweet declaring he had ‘funding secured’ at $420 per share to take Tesla private was sent one year ago today. Here’s everything the company’s faced in the year since.
It’s been exactly one year since 60 simple characters caused months of headaches for Tesla, its executives, its shareholders, and federal regulators.
Shares of Elon Musk’s electric-car company still haven’t hit the chief executive’s target of $420 per share in the year since the infamous tweet. The billionaire’s resulting settlement with the Securities and Exchange Commission only lasted so long before the regulator hit him with more legal headaches.
Here’s how Tesla’s dramatic four quarters since the failed go-private bid have panned out.
Funding was anything but secured, it was later revealed, when Musk felt impassioned enough to announce his plans to the world around lunchtime on August 7, 2018.
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