#Elon Musk’s 2018 Tesla funding tweets were reckless: judge

#Elon Musk’s 2018 Tesla funding tweets were reckless: judge

“Elon Musk’s 2018 Tesla funding tweets were reckless: judge” A US judge has determined that Elon Musk’s 2018 tweets that funding had been secured to take electric car maker Tesla private was inaccurate and reckless, saying “there was nothing concrete” about financing from Saudi Arabia’s sovereign wealth fund at that time. San Francisco-based District Judge Edward…

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#Goldman Sachs retreating from SPACs over regulatory threat

#Goldman Sachs retreating from SPACs over regulatory threat

“Goldman Sachs retreating from SPACs over regulatory threat” David Solomon’s Goldman Sachs is reducing its involvement with blank-check companies, a spokesperson for the bank said on Monday, as US regulators continue to clamp down on what was one of the hottest trends on Wall Street in recent years. The boom in the special purpose acquisition company (SPACs)…

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#Elon Musk lied about taking Tesla private: lawsuit

#Elon Musk lied about taking Tesla private: lawsuit

“Elon Musk lied about taking Tesla private: lawsuit” Elon Musk knowingly lied when he tweeted in 2018 that he was considering taking Tesla private, a judge reportedly ruled as part of a lawsuit brought by shareholders who are seeking billions of dollars in damages. According to court filings, a judge agreed with shareholders’ claims that…

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#Elon Musk likens himself to Eminem in legal battle with SEC

#Elon Musk likens himself to Eminem in legal battle with SEC

“Elon Musk likens himself to Eminem in legal battle with SEC” Elon Musk compared himself to the foul-mouthed rapper Eminem in a court filing, alleging that the Securities and Exchange Commission is running roughshod over his First Amendment rights as it clamps down on his Twitter habit. The billionaire Tesla CEO’s Tuesday legal salvo cites…

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#SEC proposes firms disclose climate risks, emissions data

#SEC proposes firms disclose climate risks, emissions data

“SEC proposes firms disclose climate risks, emissions data” The Securities and Exchange Commission on Monday proposed requiring US-listed companies to disclose a range of climate-related risks and greenhouse gas emissions, with some Republicans saying the rules would amount to government overreach. The agency unveiled its long-anticipated draft rule under which companies would disclose their own…

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