SEC seeks to remove Musk as Tesla shares plummet

The US Securities and Exchange Commission (SEC) is suing Tesla CEO Elon Musk for defrauding investors.

Photo: Kiichiro Sato/AP

US electric vehicle manufacturer Tesla could see its CEO removed. The US Securities and Exchange Commission (SEC) will ask a judge to bar Elon Musk from serving as CEO from a publicly listed company. A "deeply saddened" and "disappointed" Musk rejects the accusation.

"I have always taken action in the best interests of truth, transparency and investors," he said in a statement according to Bloomberg.  "Integrity is the most important value in my life and the facts will show I never compromised this in any way."

Read the whole article

Get 14 days free access.
No credit card required.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Further reading

Related articles

Latest News

See all jobs