In the court filing , the SEC claims that "Musk knew or was reckless in not knowing that each of these statements was false and/or misleading because he did not have an adequate basis in fact for his assertions". The SEC also alleged Musk's tweets caused market chaos and investor harm . "But what has kept Tesla's stock hoisted is the perpetual tweets and promises from Elon Musk, promises that he hasn't met", Johnson said .
The latest slump came after the Securities and Exchange Commission (SEC ) filed a suit in NY accusing Musk of fraud. The SEC alleges he did not have the funding secured. According to the complaint, Musk met with representatives of a sovereign investment fund for 30 to 45 minutes on July 31 at Tesla's Fremont, California, factory.
Oil prices jumped more than two per cent to a four-year high on Monday after Saudi Arabia and Russian Federation ruled out any immediate increase in production. OPEC leader Saudi Arabia and its biggest oil-producer ally, Russia, on Sunday rebuffed a demand from Trump for moves to cool the market. Shipping data shows Iran September exports fell to around 2 million bpd as buyers around the world bow to US pressure and cut imports.
Tesla's big problem recently shifted from being one of production to one of delivery, CEO Elon Musk said a week ago in a complaint about the " delivery logistics hell " that stems from increasing production. Musk clarified that this would not affect availability at Tesla's fix centres, the report said. Customers in Los Angeles are receiving emails offering to deliver cars directly to their homes and offices for free.
As the NAFTA negotiations are wrapping up, and after a successful renegotiation of the US-South Korea free-trade agreement, the Trump administration's focus appears to be shifting to trade talks with Japan. . But Trudeau refused to answer whether he feels the president lied. US lawmakers at the Lighthizer meeting cited him as saying the earliest they would be able to consider a deal with Mexico, even a bilateral agreement, would probably be next February or March.
Jaeggi, "We're on the verge of some significant volatility in Q4 2018 because depending on the severity and duration of the Iranian sanctions, the market simply does not have an adequate supply response for a 2 million barrel a day disappearance of oil from the markets".