The SEC sued Elon Musk, alleging he committed securities fraud and hurt Tesla investors by making false or reckless public statements that had a material impact on the stock—specifically, for the way he unveiled his possible plan to take Tesla private on Aug. 7, via Twitter, saying he had “secured” funding for a deal. The agency’s case seems strong on its face, though Mr. Musk said in a...
Get access to exclusive coverage
Read deeply reported stories from the largest newsroom in tech.
Latest Articles
Exclusive
Startups
COVID-19
After Tough Year, SPACs Tempt Bird, Lime
Dogged by questions of financial viability and then a pandemic that crippled demand for scooter rentals, Bird and Lime are taking steps to repair the damage. Bird is finalizing a deal to raise more than $100 million in convertible debt, led by existing investors Sequoia Capital and Valor Equity Partners, people familiar with the matter said. The financing comes after the scooter operator had...
Latest Briefs
AT&T Books $15.5 Billion Charge on DirecTV
ByteDance Lays Off Staff in India After Government Extends Ban
China Central Bank Chief: Ant IPO Could Resume Once Problems Solved
Stay in the know
Receive a summary of the day's top tech news—distilled into one email.
Access on the go
View stories on our mobile app and tune into our weekly podcast.
Join live video Q&A’s
Deep-dive into topics like startups and autonomous vehicles with our top reporters and other executives.
Enjoy a clutter-free experience
Read without any banner ads.
Recent Popular Stories
