- On Friday Elon Musk emailed Tesla employees and told them to “ignore all distractions” as the third quarter comes to a close.
- Tesla’s stock started crashing after hours on Thursday when the SEC filed a lawsuit against Musk for making false statements about the company, including his claim that he would take the company private at $US420 a share.
Elon Musk on Friday sent an email to all of Tesla, urging his employees to keep working diligently in the face of mounting pressure from federal regulators and a crashing stock price.
From the email:
This email comes fewer than 24 hours after the SEC sued Musk for making false statements about the company, including his August claim that he had “funding secured” to take Tesla private at $US420 a share. The SEC is also recommending that Musk be barred from helming a public company.
In an interview with Bloomberg, Ross Gerber, CEO of wealth-management firm Gerber Kawasaki – one of Musk’s fiercest supporters – expressed disappointment with Musk for not taking the SEC deal. He also said he no longer had confidence in Tesla’s board.
(If you are a Tesla employee or customer who has a story to share about a car or experience with the company, give me a shout at [email protected].)
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