TESLA TROU­BLE

Business Standard - - FRONT PAGE -

Aug 7: Musk tweets he has the fund­ing se­cured to take Tesla pri­vate, which sends the com­pany’s shares soar­ing

Aug 24: Tesla boss aban­dons plan, says most of ex­ist­ing share­hold­ers be­lieve "we are bet­ter off as a pub­lic com­pany"

Sept 27: US SEC ac­cuses Musk of tweet­ing false and mis­lead­ing in­for­ma­tion about fi­nanc­ing for his now-aban­doned plan, says it is seek­ing to re­move him as an of­fi­cer or di­rec­tor

■ The bil­lion­aire en­tre­pre­neur says he has done noth­ing wrong

Sept 28: Tesla shares plunge about 14 % in New York, the big­gest drop since Nov 2013

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