Tesla Inc Chief Executive Officer Elon Musk changed his Twitter display name to ...
FILE PHOTO: Tesla CEO Elon Musk attends the Tesla Shanghai Gigafactory groundbreaking ceremony in Shanghai, China January 7, 2019. REUTERS/Aly Song/File Photo
In a series of tweets to his 25 million followers following charges from the U.S. Securities and Exchange Commission earlier this week, Musk accused the regulator of failing to read Tesla’s annual reports and said its oversight was “broken”.Shares of the company were up nearly 5 percent at $312.15 in afternoon trading on Wednesday, after Musk said Tesla would have “news” at 2 p.m. California time on Thursday.
Convertible issues give bondholders the right to trade their debt for equity after shares rise over a certain price. Tesla shares are currently about $48 below the $359.87 conversion price.
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