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The Turmoils of Tesla: Elon Musk v. the SEC

The Turmoils of Tesla: Elon Musk v. the SEC

FromWharton Business Daily


The Turmoils of Tesla: Elon Musk v. the SEC

FromWharton Business Daily

ratings:
Length:
25 minutes
Released:
Mar 20, 2019
Format:
Podcast episode

Description

Elon Musk is under fire from the Securities and Exchange Commission (SEC) yet again for his "reckless" use of Twitter regarding Tesla company updates. The SEC is currently questioning tweets the chief executive of Tesla sent out last month about the car company’s production levels. Musk says his tweets are covered by free speech. The SEC disagrees and wants him held in contempt for violating a 2018 settlement that restricts his social media posts regarding his company. In 2018 Musk got into trouble for falsely tweeting that he was taking his company private, which caused stocks to soar. This lead to the SEC settlement in which Tesla and Musk were each fined $20 million and he had to step down as chairman of the board. Host Dan Loney talks with John Paul MacDuffie, Management Professor at the Wharton School and Director of the Program on Vehicle and Mobility Innovation at The Mack Institute for Innovation Management, and Charles Elson, Director of the John L. Weinberg Center for Corporate Governance at the University of Delaware, to discuss more about this recent legal turmoil and how it is affecting Tesla in the eye of the consumers on Knowledge@Wharton. See acast.com/privacy for privacy and opt-out information.
Released:
Mar 20, 2019
Format:
Podcast episode

Titles in the series (100)

Bringing together top leaders, innovators and renowned faculty from the Wharton School of the University of Pennsylvania discussing topics that matter to consumers and the business world. See acast.com/privacy for privacy and opt-out information.