Tesla Stock News

Lawyers for Tesla''s CEO reportedly argued that oversight of Musk''s social media activity by securities regulators has become "unworkable," according to The Wall Street Journal.

Tesla CEO''s lawyers reportedly argued that oversight of Musk''s social media activity from securities regulators has become "unworkable," according to the Wall Street Journal.

The global Technology Entertainment and Design (TED) Conference is set to return to Vancouver, British Columbia, after a two-year hiatus on account of the COVID-19 … Read more The post Tesla’s Elon Musk to Headline 2022 TED Conference in Canada Next Month appeared first on TeslaNorth.com .

Tesla Inc. Chief Executive Elon Musk has fired another volley in his fight to end securities regulators'' oversight of his tweets, asking a judge to end a…

Tesla has had another strong month of sales in China in February, giving the automaker over 116,000 in the first two months of the year alone. According to the latest figures from the China Passenger […] The post Tesla China continues torrid pace with over 56K sales in February appeared first on Drive Tesla .

Elon Musk asked a federal judge to scrap restrictions imposed by US securities regulators on his Twitter habits, complaining that they were unfairly forced onto him following a flap over a September 2017 tweet about taking Tesla private.

Tesla CEO Elon Musk asked a federal judge Tuesday to terminate a 2018 settlement with the Securities and Exchange Commission that resolved a federal lawsuit over Musk''s allegedly false statements about efforts to take Tesla private. Why it matters: The settlement, which required Musk to step down as the chair of Tesla, pay a $20 million fine and get pre-approval for all of his tweets about the company, has generated friction between the billionaire and federal regulators. The SEC last year accused Musk of violating the settlement on at least two occasions with tweets about Tesla''s solar roof production volume and its stock price, while Musk last month accused the SEC of undertaking a "harassment campaign" in an effort to "chill his exercise of First Amendment rights." What they''re saying: Lawyers for Musk in a motion filed Tuesday argued that the requirement to preapprove all of his tweets has "no basis in the securities laws" and violates protected speech. "Mr. Musk and companies in which he holds leadership roles or financial stakes have been subject to one investigation after another, accompanied by round after round of demands for voluminous, costly document productions, with no signs of abatement," the motion reads.

By David Shepardson (Reuters) -Tesla Inc Chief Executive Elon Musk on Tuesday asked a judge in Manhattan to terminate a 2018 consent decree with the U.S.

Tesla CEO Elon Musk is asking a federal judge to nullify a subpoena from securities regulators and throw out a 2018 court agreement in which Musk had to have someone pre-approve his posts on Twitter

The Tesla CEO asked a judge to scrap the settlement that required his tweets to be preapproved, arguing the policy has become unworkable.

Tesla chief executive says the accord created unworkable requirement for his public statements to be monitored.

The SEC is investigating whether Elon Musk and his brother Kimbal violated securities laws when selling shares in the company late last year, reports have said.

Shares of Mullen Automotive Inc. charged 16.1% higher in very active morning trading Tuesday. The electric vehicle maker''s stock has already traded in a range of up 6.6% at the intraday low of $1.13, to up 35.8% at the high of $1.44, as trading volume bulged to 85.7 million shares. On Monday, the stock rocketed 34.9% on volume of 257.9 million shares. The company has not immediately responded to a request to confirm that it has not issued a press release, as per its website, or filed anything with the Securities and Exchange Commission. Last month, while the stock was suffering through a record-long losing streak in which it plummeted 82.9% over 14 days to close Feb. 22 at a split-adjusted record low of 61 cents, that it was "unware of any business reason" for the decline in the stock. Based the latest exchange data, short interest as a percent of the stock''s public float was 4.98%, which compares with other EV makers Tesla Inc. at 2.90%, Nio Inc. at 5.37% and Rivian Automotive Inc. at 7.44%.

Tesla Sales Edge Lower In China For February Tesla officially sold 56,515 Chinese made vehicles in February, according to new data from the China Passenger Car Association (CPCA) that was released on Tuesday. New energy vehicles in China were up 180.5% YOY to 272,000 total units. This is sequentially lower than the company''s 59,845 vehicles sold in January, investors had widely expected a slight decline in numbers. Year over year, the numbers are impressive, but the comps still reflect a slowdown in production due to the ongoing Covid pandemic. In February 2021, Tesla sold 18,318 vehicles out of its Shanghai plant. Of the vehicles it produced, about 33,000 were exported to Europe and 23,000 were sold domestically in China. "Tesla typically exports more of its Shanghai production early in a quarter and sells more in China later in a quarter," Barron''s noted on Tuesday morning. Barron''s also noted that Tesla will have to play catch-up for the rest of the year if it hopes to meet its projected guidance of between 800,000 and 900,000 Chinese deliveries for the full year.

Elon Musk asked a judge on Tuesday to block a U.S. Securities and Exchange Commission subpoena seeking documents relating to the review of his Twitter posts and his sale of Tesla stock and options.