Tesla CEO Musk taunts short sellers amid legal scrutiny

Einhorn gets box of ‘short shorts’ after sparring with Elon Musk

Tesla's board has allegedly not yet received comprehensive information regarding the finances required to take the company private, Reuters reports, citing sources familiar with the matter. Neither he nor anyone else has supplied evidence that it was.

Securities laws forbid market manipulation by corporate leaders who announce pending stock purchases or sales when they have no intention or no means of carrying them out. In the meantime, Tesla shares rose 29 percent between April and June, making Einhorn's short position in the company the second biggest loser for his hedge fund in the last quarter. "Funding Secured", he wrote.

The fact that Musk met with SoftBank Chairman Masayoshi Son late a year ago but the meeting didn't yield anything is not an indication that the Japanese multinational holding conglomerate isn't interested now that Tesla is committed to being profitable for the next two quarters. His personal stake in Tesla is nearly 20 per cent.

Aretha Franklin is 'alert' and resting at home, family member says
Franklin was awarded the Presidential Medal of Freedom - the highest award for an American civilian - by then-president George W. Sources close to the singer told the Associated Press and the celebrity website TMZ that her health was failing.

The stock has since retreated, in part following reports that the U.S. Securities and Exchange Commission had begun inquiring about Musk's activity.

Since rising sharply in the immediate aftermath of Musk's statement, Tesla stock has largely given back its gains, closing on Friday at $355.49. Eventually, the cases will be consolidated and go before a single judge.

A veteran shareholder lawyer in San Francisco said investors may have a viable claim against Tesla. "The market reaction shows Musk's statement by itself was material".

Lombok quake death toll jumps as aftershock causes panic
Lombok was hit by another quake on Thursday, the third in a little over a week, causing panic, injuries and damage to buildings. Workers with heavy machinery are searching the rubble of homes, schools and mosques, with hope of finding any survivors fading.

The worst affected segment appears to be the short-sellers in the market who sell high and do the repurchase later.

"Perhaps he has a few anchor investors and assumes they will work to find more capital", said Nicholas Colas, co-founder of DataTrek research. Speculation had been swirling around Tesla and Musk's disclosures amid the yearlong struggle the company had ramping up production of the Model 3 sedan, with Musk fielding a question on the company's latest earnings call about whether a notice from a regulator was keeping him from being able to raise more capital. The Tesla board of directors is now planning to meet next week to formalize the process and further consider the idea. On Friday, stock trader Kalman Isaacs filed a class-action lawsuit - arguing that Elon Musk's tweets on Tuesday constituted securities fraud., according to ArsTechnica.

One priest's take on pope's 'death penalty' change
More than two-thirds of countries - including most predominantly Catholic states - have abolished or suspended judicial killings. Francis has always been an opponent of the death penalty , saying it could never be justified no matter how bad the crime is.

Related news:

Hot News

isis-killer-beheading-video-story-top Trump & Cuomo Spar During President's NY Visit
Aug 14, 2018 - 17:46
Trump signed the NDAA, or H.R. 5515, during a visit to Fort Drum in upstate NY on Monday afternoon. Some government contractors that already rely on ZTE and Huawei gear will be greatly affected.

isis-killer-beheading-video-story-top Last-minute technical problem delays NASA's flight to sun
Aug 14, 2018 - 16:12
NASA's Parker Solar Probe - first mission to "touch" the Sun in the history of mankind - has been shifted to its launch pad. If everything goes according to plan, temperatures inside the spacecraft should be a mere 85 degrees Fahrenheit.

Former White House aide releases Trump tape
Aug 14, 2018 - 11:06
On Monday, the former senior aide revealed a recording she'd made of the President phoning her on the day after she was sacked . In her book, she says she only heard second-hand accounts of the tape, claims that Luntz denied, earning him that Trump retweet.

isis-killer-beheading-video-story-top Chelsea boss Sarri: I need Luiz. I don't care about Conte row
Aug 13, 2018 - 15:32
We have to move the ball faster. "It's just getting the best of a situation which is not ideal for Chelsea but getting the best". I think we played very well. "Then I think in the second half the opponents were a bit exhausted and it was easier".

isis-killer-beheading-video-story-top Soul Music Legend Aretha Franklin Is Reportedly Near Death
Aug 13, 2018 - 14:24
She last performed less than a year ago in November of 2017 at a fundraiser for the Elton John AIDS Foundation in NY . In a statement to Us Weekly, she said: "I'm doing well generally, all tests have come back good".

isis-killer-beheading-video-story-top Turkey ready for trade with partners, including Russian Federation , in national currencies - Erdogan
Aug 13, 2018 - 13:58
On March 1 , Trump had announced global tariffs of 10 percent on all aluminum to the USA and 25 percent on all steel imports. Erdogan has been putting pressure on the central bank to not raise interest rates in order to keep fueling economic growth.

isis-killer-beheading-video-story-top Liverpool 4, West Ham 0: Mane grabs brace in big win
Aug 13, 2018 - 11:15
He had little to call on when Salah had to go off injured in the Champions League final against Real Madrid last season.

isis-killer-beheading-video-story-top On Anniversary of Heather Heyer’s Death, Her Mother Reflects on Her Loss
Aug 13, 2018 - 01:03
Grace Aheron, an organizer for Showing Up for Racial Justice, said a "militarized police presence" doesn't make the city safer. Events are slated to be held in Charlottesville this weekend. "This year, I'm afraid of the police", Woolfork said.

isis-killer-beheading-video-story-top RyanAir pilot strike grounds 400 flights across Europe
Aug 11, 2018 - 18:41
Ryanair pilots in several European countries are staging a strike that has prompted the budget carrier to cancel 400 flights. Belgium-based Ryanair pilots gather at Charleroi Airport as part of a European-wide strike.

isis-killer-beheading-video-story-top Michigan Governor’s Race: Whitmer To Face Schuette In November
Aug 11, 2018 - 18:32
One of the candidates for the House in the state was likely to become the first Muslim woman in Congress. Rashida Tlaib won a Democratic nomination and will not be opposed by the Republicans in November.

isis-killer-beheading-video-story-top Boris Johnson facing party probe over burqa remarks
Aug 11, 2018 - 16:25
According to the BBC, Johnson's supporters defended his remarks , saying that he was simply sticking up for "liberal values". Half of the biggest names in the business in this country are in prison now.

isis-killer-beheading-video-story-top Stolen Alaska Airlines plane crashes after unauthorized takeoff from Seattle-Tacoma airport
Aug 11, 2018 - 15:43
Department of Homeland Security and the Federal Aviation Administration directed inquiries to local authorities. Video showed fiery flames amidst trees on the island, which is sparsely populated and only accessible by ferry.

isis-killer-beheading-video-story-top As Turkey Crisis Mounts, Contagion Jitters Hit Global Banks
Aug 11, 2018 - 13:53
It is possible that Trump cited the lira's decline as a mere pretense for pressuring Turkey to release the American pastor. Turkish President Recep Tayyip Erdogan said in a speech that the drop was part of a "campaign" led by foreign powers.

isis-killer-beheading-video-story-top Meghan Markle has 'not contacted' father, says half-sister
Aug 10, 2018 - 08:03
So, just as with Kate, that inevitably leaves you with little else to write about except what she wore and looked like'. Among other things, he claimed Meghan has "cruelly excised him from her life", which he's "really hurt" about.

isis-killer-beheading-video-story-top Twitter CEO defends decision not to ban Alex Jones, Infowars
Aug 10, 2018 - 07:51
Jones earlier this week responded to the shutdowns of his accounts by slamming social media platform providers as "lying bullies". Dorsey then went on to say that it was the job of reporters to shoot down any false assertions made by Jones.