Tesla and Elon Musk face dozens of lawsuits and investigations .

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Offline sr john

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19  March  2019  .

The Securities and Exchange Commission  motion to hold Elon Musk in contempt of court is one of many legal woes afflicting the Tesla and Space X CEO today .

Tesla regularly deals with requests for information, or subpoenas, from regulators and government authorities at the federal, state and international level, according to its 2018 annual report .

Legal research platform Plainsite found at least 38 securities actions filed against Tesla or Elon Musk (or both) since 2010, the year it went public a high number versus other U.S. automakers over the same period .

Tesla and CEO Elon Musk are facing dozens of lawsuits and investigations, according to public filings .

The costs of defence and settlements burden the car maker financially at a time when Tesla is already cutting headcount, closing stores and delaying loan repayments. No doubt Tesla would rather spend its money to improve its service, set up manufacturing lines to make the Model Y (its forthcoming compact SUV),  or to build out its Shanghai Giga factory .

https://www.cnbc.com/2019/03/19/tesla-and-elon-musk-lawsuits-overview.html .

« Last Edit: February 23, 2020, 08:17:34 PM by sr john »
Spreading The Truth .
Thanks  Sr John .

 
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