Tesla, Elon Musk win dismissal of lawsuit over Model 3 production GlobeTechnology
It said shareholders bought “artificially inflated” shares because Musk and other executives misled them with bullish statements about the production ramp of the Model 3, failing to disclose that the company was “woefully unprepared” for the vehicle’s production.
Tesla argued in its defence that it had been forthcoming about challenges with Model 3 production, including repeated statements by Musk that Tesla was undergoing “production hell.” Breyer wrote that the allegations of fraud ignored Tesla’s “repeated warnings about Model 3 production risks.”Due to technical reasons, we have temporarily removed commenting from our articles. We hope to have this fixed soon. Thank you for your patience. If you are looking to give feedback on our new site, please send it along to
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Tesla CEO Musk’s contempt defence ‘borders on the ridiculous,’ U.S. regulator saysLawyers with the Securities and Exchange Commission describe the mercurial executive’s behaviour as brazen disobedience of a judge’s order, stemming from an October fraud settlement
Read more »
Tesla sues former employees for allegedly stealing data, Autopilot source codeTesla lawyers also sued Zoox Inc. for steeling trade secrets for developing warehousing, logistics and inventory control operations
Read more »
SEC says Musk's contempt defence 'borders on the ridiculous'U.S. securities regulators countered Tesla CEO Elon Musk's contempt-of-court defence Monday night, writing in court papers that he brazenly disregarded a federal judge's order and that one of his arguments 'borders on the ridiculous.'
Read more »
Blue Jays' John Axford on his 4,000-km, 10-state journey home - Sportsnet.caFollowing a disappointing end to a 2018 season that included a trade to Los Angeles before concluding in Arizona, John Axford hopped into his Tesla Model X SUV, and drive all the way home to Burlington, Ont. — a mere 4,000-km, 10 states, and three time zones away.
Read more »
Tesla CEO Musk’s contempt defence ‘borders on the ridiculous,’ U.S. regulator saysLawyers with the Securities and Exchange Commission describe the mercurial executive’s behaviour as brazen disobedience of a judge’s order, stemming from an October fraud settlement
Read more »
'Pink slip' dismissal of cancer patient from Halifax-area ER angers familyAn emergency room in Lower Sackville, N.S. turned away a cancer patient with a “pink slip” on Friday night, angering his family and sparking a wider conversation about healthcare problems in Atlantic Canada.
Read more »
York police to update media on largest ever investigation into meth productionYork police are holding a press conference this morning to provide an update on what they say was the largest methamphetamine production investigation that they ever conducted.
Read more »
Alberta government announces further easing of oil production restrictionsThe Alberta government has announced another easing of restrictions on oil production, saying the amount that can be produced will increase in May by 25,000 barrels per day and another 25,000 barrels per day in June.
Read more »
Alberta announces another round of easing on oil production restrictionsOil production will increase in May by 25,000 barrels per day and another 25,000 barrels per day in June
Read more »