Fox Business Reporter: SEC, DOJ Have Launched 'Joint Investigation' Into Elon Musk's Tesla Amid Twitter Takeover BidChris Menahan
Apr. 14, 2022
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Fox Business reporter Charles Gasparino said Thursday that as Elon Musk offered to buy Twitter, a legal source told his network that the Securities and Exchange Commission and the Department of Justice launched what he described as a "joint investigation" into a "myriad of Musk regulatory issues primarily involving Tesla."
If true, this appears to be nothing more than a blatant act of political intimidation.
Musk said during a TED appearance on Thursday that the SEC's investigations into Tesla are "like having a gun to your child's head."
From The Verge:
Elon Musk took the Securities and Exchange Commission to task during a TED appearance Thursday, claiming he had the funding to take Tesla private despite the agency concluding that he had not.
The SEC immediately launched an investigation, eventually concluding that, while he had held a few meetings with Saudi Arabia’s sovereign wealth fund, Musk “had never discussed a going-private transaction at $420 per share with any potential funding source, had done nothing to investigate whether it would be possible for all current investors to remain with Tesla as a private company via a ‘special purpose fund,’ and had not confirmed support of Tesla’s investors for a potential going-private transaction.”Merrick Garland's DOJ last year launched a "discrimination" investigation into Elon Musk's SpaceX for allegedly hiring American citizens over non-citizen foreigners.
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