Tesla Inc and Chief Executive Elon Musk were sued on Friday by an investor who said they committed securities fraud in a scheme to "completely decimate" short-sellers that included Musk's proposal to take the electric auto company private. "Funding Secured." The stock initially shot up 11 per cent to nearly US$380.
One lawsuit, filed by Tesla investor Kalman Isaacs, said Musk's tweets amounted to a "nuclear attack" on short-sellers, created to "completely decimate" them for not believing in Tesla's stock to date.
The complaint alleges violations of American securities law and was filed on Friday as a class action in federal court in San Francisco.
The two separate cases have been filed in a court in the Northern District of California, which is not far from where Tesla is located, Palo Alto.
Premier League Top 5 Summer Transfers With transfer business now done and dusted, clubs are now well poised to settle down to the task of posting a good outing in the Premier League this season.
Trump going ahead with taxes on $16B in Chinese imports China said on Wednesday that it will impose 25% tariffs on an additional U.S. $16 billion worth of American good from Aug 23. Beijing has stepped up efforts, so far without success, to recruit governments including Germany and France as allies.
Such investors have always been an irritant for Musk, who has sometimes used Twitter to criticize them. The share price later fell. But in the days since, it has lost most of those gains, reacting, at least in part, to reports from Bloomberg and the Wall Street Journal that the federal Securities and Exchange Commission is investigating Musk's claim. "Because Musk has not secured financing, and has issued false and materially misleading information into the market, short sellers of Tesla stock were forced to cover their positions by purchasing shares at artificially inflated prices after 12:48pm on August 7, 2018".
No evidence has been presented by either side to prove or disprove that funding had been secured to take the company private.
Tesla's market value exceeds $60 billion (around Rs. 4.14 lakh crores), and its shares closed Friday up $3.04 (approximately Rs. 210) at $355.49 (roughly Rs. 24,600).
One of the lawsuits, filed by shareholderKalman Isaacs, seeks class action status on behalf of investors who bought Tesla stock on August 7 and August 8.
Discounts for seasoned drivers will be extended to reflect up to 40 years of experience, up from the current limit of nine years. It is built around ensuring the vehicle rather than the driver and allows discounts to drivers despite multiple crashes.
On his feet the Sorry singer wore checkered Vans sneakers, while the niece of Alec Baldwin wore white high top sneakers. The newly engaged couple were dressed casually for their ride around NYC, both donning white T-shirts.
Instead, the moon's outer shadow (the penumbra) will brush the top of our globe, creating a far more modest partial eclipse. The partial eclipse is when the moons path only partially blocks our view of the sun without entirely obscuring it.
The military said Palestinians hurled "explosive devices and firebombs" and in one instance a grenade at Israeli soldiers Friday. A wounded Palestinian girl is brought into al-Shifa hospital on August 9, 2018, following an Israeli airstrike on Gaza City.
The National Parks Service has granted Jason Kessler a permit for use of Lafayette Park on August 12 in Washington , D.C. Kessler applied for the permit to hold a "Unite the Right Rally 2" event one year after his rally in Charlottesville .
They deliberated for three days before awarding Johnson $250 million in punitive damages and $39 million in compensatory damages. Although not involved in the just-concluded trial, the firm represents more than 100 clients now with similar claims.
Pogba who joined the Manchester United setup just four days before the match, never looked like he missed pre-season friendlies. The Englishman had a fine game in the Premier League's first match of the season and played his part in the 2-1 win.
After the 36-hole cut is made, the third round will be played in threesomes going off both the first and 10th tees. Lowry was three under par for the first ten holes of his second round when play was suspended by rain yesterday.
Neil Warnock says Cardiff have been wise with their spending during the transfer window on their return to the Premier League .
Discord Targets Steam With New Online Game Store
However, the new store will be different from Steam's , which has become a platform where nearly anyone can sell a game. Discord has launched a beta for what's being called the Discord Store, a place where users can purchase games directly.
Derby sign Malone from Huddersfield
And the impressive victory was achieved with 10 of the same players who could not get Leeds into a top half finish last season. Leeds, after two incredible wins under Bielsa, are now favourites to win the league themselves.
Perseid meteor shower best seen next weekend
You don't need any equipment to view the shower, it is best watched unobstructed by telescopes or binoculars. The best way to see the Perseids is to go outside between midnight and dawn on the morning of August 13th.
NASA sees major Hurricane Hector moving south of Hawaii
Hurricane force winds can extent up to 35 miles (55 km) from the center and tropical storm-force winds up to 105 miles (165 km). HST/1500 UTC), the center of Hurricane Hector was located near latitude 16.4 degrees north and longitude 153.9 degrees west.
Nintendo Switch Online Launches in ‘Second Half’ of September
One such detail is Switch Online's release date, as thus far, Nintendo has only said that the service will launch in September. Depending on the game, players can engage in online competitive or co-op multiplayer, or take turns controlling the action.
Samung Galaxy Note 9: Hands-on!
DeX is also on the cards, but instead of needing a separate dock the Note 9 can offer the DeX experience right out of the box. SAMSUNG HAS SURPRISED no one with the unveiling of the Galaxy Note 9 , which is exactly what you were expecting it to be.
USA to Increase Tariffs on Turkish Aluminum, Steel
President Tayyip Erdogan told Turks not to panic - but paradoxically urged them to buy lira to fight an " economic war ". Following the tweet, Turkey responded by imposing duties on $1.8 billion in USA goods including coal and paper.
The Real Reason For Trump's New 'Space Force'
Comedians mock the idea and senior members of the military are skeptical, but that has not deterred the commander in chief. This might require legislative support because Congress sets a limit on the number of assistant secretaries of defense.