Tesla, RBS, Schweppes: Everything that matters this morning
Tesla sued for fraud
Elon Musk and Tesla have been sued by the Securities and Exchange Commission (SEC) for fraud.
The US financial regulator says the claims Musk made in August about having “funding secured” to take Tesla private were “false and misleading”.
“According to Musk, he calculated the $420 price per share based on a 20% premium over that day’s closing share price because he thought 20% was a ‘standard premium’ in going-private transact
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