The U.S. Securities and Exchange Commission has sent subpoenas to Tesla Inc regarding its privatization plans and Chief Executive Officer Elon Musk’s statement “funding secured”, Fox News tweeted on Wednesday, citing sources.
The electric car maker’s shares fell 4 percent to $333.33.
Musk said on Twitter early last week he was considering taking Tesla private at $420 per share.
Tesla declined to comment, while the SEC was not immediately available for comment.
Reporting by Sonam Rai in Bengaluru; Editing by Anil D’Silva
‘How dare you’: Pastor infected with coronavirus slams faith leaders who kept their churches open
A California pastor is urging other religious leaders to heed lockdown orders and keep their churches closed during the coronavirus pandemic. Reverend Johnnie Clark with Word Assembly Church in East Oakland says it's a matter of life and death -- something he's familiar with since he's now recovering from the virus.
Clark says he misses the church he's been preaching at for 15 years, which has been empty since March when the lockdown orders started, Fox 9 reports.
Nancy Pelosi roasts Mark Zuckerberg for ‘pandering’ to Trump and his ‘silly’ tantrums
House Speaker Nancy Pelosi on Thursday mocked Facebook CEO Mark Zuckerberg for his efforts to appease President Donald Trump's criticisms of major social media companies.
During a press conference, Pelosi said that Zuckerberg "just panders" to Trump in an effort to preserve his business model, which she described as a platform for people to "misrepresent facts" without consequence.
"They knew during the 2016 elections that the Russians were engaged in foul play," she said. "They knew, because they saw where the money was coming from!"
She then turned her attention to Trump's new executive order that will reportedly open up tech platforms to more lawsuits.
Pennsylvania Dem unloads on GOPers who pushed to reopen as they hid colleague’s COVID-19 infection
Pennsylvania state Rep. Brian Sims (D) lashed out at Republican lawmakers who remained silent after testing positive for COVID-19.
Democrats this week accused Republicans of withholding information after Rep. Andrew Lewis (R) tested positive for the virus.
"It's been a week, perhaps longer, that House Republican leadership knew that at least one of their members had tested positive for COVID-19," Sims explained in a Facebook post. "But they didn't go on quarantine until they were done serving alongside us, especially those of us that serve on the State Government Committee."