Elon Musk dismissed allegations of exchange fraud

Elon Musk dismissed allegations of exchange fraud

September 28, 2018 0 By autotimesnews

The head of Tesla, Elon Mask, commented on the allegations of the Federal Securities and Exchange Commission of the United States of fraud and fraud. According to him, this claim is unfair and unreasonable. He stated this in an interview with CNBC.

“I have always done everything in the interests of truth, openness and for the sake of investors. Decency has always been one of my main traits. And the facts will show that I never compromised with my conscience, ” – said Musk.

In turn, the US Federal Securities and Exchange Commission accuses the head of the company of forgery of misleading shareholders. So, in early August, Elon Mask wrote on his Twitter account that he could buy all Tesla shares and withdraw it from the exchange. However, he did not take further steps in this direction. The ministry claims that the businessman did not have sufficient guarantees to make such statements. In addition, Mask could manipulate the price of shares of the company, giving out false information, reports TASS.

“The Mask report led to a jump in Tesla stock prices by more than 6% on August 7 and provoked a significant destabilization in the stock market,” the report said.

Tesla Motors suffered a record loss in the second quarter of this year – the net loss of the American manufacturer of electric vehicles exceeded $ 717 million. In the first quarter, the company also suffered losses – $ 709.5 million.

The American company will explain such losses by large investments in new models. Among them, the Model 3 takes the first place. Tesla was assured that this electric car had already begun to make a profit.