Tesla board should brace for Elon Musk impact, says AntonyMCurrie:
Uber’s Indian takeout will feed future rivals Context News The Securities and Exchange Commission on Feb. 25 asked the U.S. District Court for the Southern District of New York to decide whether Tesla Chief Executive Elon Musk should be held in contempt for a Feb. 19 tweet about production targets. Tesla shares dipped 3.6 percent in after-hours trading in New York. Following the SEC request, Musk posted on Twitter: “SEC forgot to read Tesla earnings transcript, which clearly states 350k to 500k.
" About four hours later the same day he added,"Meant to say annualized production rate at end of 2019 probably around 500k, ie 10k cars/week. Deliveries for year still estimated to be about 400k." In October, the court approved a settlement to resolve a case the SEC had brought regarding a series of tweets Musk posted in August, starting with:"Am considering taking Tesla private for $420 a share. Funding secured.
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