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Tesla says Justice Department requested documents on CEO Musk's take-private tweet

By CNBC

Tesla's shares sank after it was reported that the Department of Justice has reportedly opened a criminal probe into CEO Elon Musk's Aug. 7 tweets about taking the company privateRead full story

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  • Groom Dinkneh
    Groom DinknehVP, Business Development at GoLocker

    No one is above the law: this is what happens when you tweet out materially sensitive info without proper disclosures. Elon’s fandom seems to be going to his head. And if Tesla continues as a public company they’ll need a more proactive board and more checks on Elon’s power.

  • A lot of Elon’s challenges have been created by himself and media jumping at the chance to cover any misstep. It’s unfortunate because he is capable of pushing things beyond normal boundaries and should be able to accomplish more amazing things. Hopefully, he can get on a track that helps humanity rather than drowning him in legal battles.

  • #F-ELON is having a rough go at it, smoking weed with Joe Rogan, being sued off another stupid Twitter comment, his girlfriend leaving him over alleged drug abuse, geez...

    Is it all worth it??

  • It might be a rough couple of months but frankly it’s all of his own doing. That’s what’s particular disconcerting ...

  • Reg Baker
    Reg BakerReg Baker & Company

    Seems totally justified for DOJ to investigate. This type of theft is very dangerous to a stable market place. Fro example, after Citicorp CEO assured investors that their dividend was totally safe and would not be cut, I invested a large amount of my IRA in the stock (about 10 years ago). Two days later Citicorp eliminated their dividend and I lost most of my investment. The stock never recovered. Insiders had two days to unload their shares and avoid the huge losses. This was criminal in my mind.

  • Alexis Mijatovic
    Alexis Mijatovic

    A rough couple of months for Elon Musk it’s been. He’s clearly talented and adventurous to say the least but the talent that makes him stand out: ambition and daring: is proving to be his principle foe lately

  • Ikaika Hussey
    Ikaika Hussey

    It would make sense for Elon to create bad press in order to depress his stock price, making it cheaper to take the company private.

  • De’Andre Crenshaw
    De’Andre CrenshawRetail Managment at CVS Pharmacy

    They really need a COO, to keep investors from panicking every time Musk gets himself in trouble. This man is overworking and burning himself out. If he keeps this up he might not be able to garner future investors to fund his ideas.

  • Melody Beals
    Melody Beals Quality at Medical Devices

    Wow. The CEO of a multi-billion dollar company is inside trading publicly? What....a dang idiot.

  • Hitesh Wadhwa
    Hitesh Wadhwa

    He made a mistake, so probably should pay some fine as lesson learned. And that’s about it

  • JJ Brennan
    JJ BrennanMan At The Top at Blue Spruce Productions

    Uh-oh.

  • Cahnen Carnagey
    Cahnen Carnagey

    Buy signal? Buy signal. The media just might be the largest conduit of wealth transfer ever... LoL 😂 😎...

  • Ethan Dickenson
    Ethan Dickenson

    Musk is a CEO who is clever and actually doing something to earn the big bucks I am sure they are paying him. I think we should leave him alone, after all, if the short sellers hung in there... they would be financially better off today because the market adjusted itself back to Tesla’s true value. Investors who react to trends and get financially burnt shouldn’t be able to use the government as their personal bully to set things straight. How can it be illegal for a CEO to discuss the possibility

    Musk is a CEO who is clever and actually doing something to earn the big bucks I am sure they are paying him. I think we should leave him alone, after all, if the short sellers hung in there... they would be financially better off today because the market adjusted itself back to Tesla’s true value. Investors who react to trends and get financially burnt shouldn’t be able to use the government as their personal bully to set things straight. How can it be illegal for a CEO to discuss the possibility of going private? I don’t think we can enforce that rule with every other company and CEO on the stock exchange.

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