Wednesday, 22 August 2018 08:28

SEC Feels the Heat on Tesla

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(Washington)

Bloomberg is reporting that the SEC is under a lot of pressure regarding its investigation of Tesla and Elon Musk. The SEC usually investigates companies without public knowledge, but Musk’s very public tweet changed their whole investigation (which has been going on for months), and they are now under pressure to punish the company or Musk personally. The investigation is now so public that the SEC would come under heaps of political criticism if it were to exonerate Musk.


FINSUM: The other question here is timing, as it can take years for the SEC to determine if laws were broken, but investors want an answer quickly.

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