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S.E.C. Subpoenas Tesla Over Elon Musk’s Tweet About Going Private

The U.S. Securities and Exchange Commission served Tesla with a subpoena following CEO Elon Musk's controversial tweets about taking the company private. Musk offered no details of his funding un The U.S. Securities and Exchange Commission served Tesla with a subpoena following CEO Elon Musk's controversial tweets about taking the company private.

Musk offered no details of his funding until August 7, when he told investors that he was in talks with Saudi Arabia's sovereign wealth fund and other potential backers, even though that financing was not yet secured.

Musk's tweets may have violated U.S. securities law if he misled investors. According to an SEC rule, a company's public statements must be true. Each of Tesla's directors has received a written legal order to testify in the matter. A subpoena is a first step in a formal inquiry and subsequently, an investigation, which can take years to yield any action or none at all.

Tesla's shares fell by 3% in afternoon trading, and although the company ranks #3 overall in The Harris Poll's 2018 Reputation Quotient study, and ranked #1 out of the 100 most visible companies in the U.S. for its "vision and leadership," Musk continues to face criticism for being a brash, scrappy iconoclast and it remains to be seen how his latest actions will affect the company.

Readers of the popular electric transportation and sustainable energy news site, Electrek, however support Musk's decision to take the company private. Agreeing with his key rationale for the move:

"...the reason for doing this is all about creating the environment for Tesla to operate best. As a public company, we are subject to wild swings in our stock price that can be a major distraction for everyone working at Tesla, all of whom are shareholders. Being public also subjects us to the quarterly earnings cycle that puts enormous pressure on Tesla to make decisions that may be right for a given quarter, but not necessarily right for the long-term. Finally, as the most shorted stock in the history of the stock market, being public means that there are large numbers of people who have the incentive to attack the company."

https://twitter.com/elonmusk/status/1026872652290379776

https://twitter.com/Tesla/status/1026912973120462848

https://twitter.com/elonmusk/status/1026914941004001280

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Client

Hunting for A Job? Be Careful What You Post

By Carol Wolf | MoneyWatch | CBS News | Think before you post, job-seekers: Your potential employer is likely watching your social media feeds. Seventy percent of employers said they look what

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News

Male Cheerleaders Make History in the NFL Amid Cries for More Female Leadership

For the first time in the history of the NFL, male cheerleaders have joined the ranks of its elite cheerleading squads. Two NFL teams, The Los Angeles Rams and New Orleans Saints, added men to th

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Client

New Pearson Research Finds YouTube and Video Are Top Learning Tools for Generation Z

From contouring tutorials to crash courses in world history, YouTube has evolved from a one-stop teaching hub to a leading learning tool for Generation Z. According to a new study from Pearson and From contouring tutorials to crash courses in world history, YouTube has evolved from a one-stop teaching hub to a leading learning tool for Generation Z.

According to a new study from Pearson and The Harris Poll titled, “Beyond Millennials: The Next Generation of Learners,” Gen Z ranked YouTube and video as preferred methods for learning by significant margins over Millennials. In fact, YouTube was second only to teachers as a learning tool, and ranked well ahead of lectures, in-person activities with classmates, learning applications and books.

“Generation Z didn’t have to adapt to new technologies like their predecessors--they have been immersed in it their entire lives,” explains Asha Choksi, Vice President of Global Research and Insights at Pearson. "This has led to students demanding changes to education, including accelerated, flexible and adaptive education options and tools.”

The study was conducted by The Harris Poll in August 2018 and it illustrates Gen Z’s educational preferences, in comparison to millennials, as well as some of their values and ambition. For instance, it revealed that by a margin of more than 20%, Gen Z respondents were more likely to say they want to make it to the top of their future profession one day versus Millennials. Other important values the study uncovered include altruism as 60% of Gen Z respondents agreed that they want to help people less fortunate, compared to 48% of Millennials; and diversity as more than 6 in 10 Gen Zers agreed that having diverse friends makes them a better person, while slightly more than half of Millennials agreed with that statement.

The research also dispelled the popular belief that Gen Zers have little regard for college as 80% of Gen Z respondents agreed that college either has a fair amount of value, is a good value or an excellent value. Only 20% of Generation Z students said college has “little value” or “no value at all.”

The study paints an insightful portrait of Gen Z that clearly distinguishes them from their Millennial predecessors —a necessary factor in rethinking how we engage this emerging generational cohort.

“To understand the future of learning—and especially higher education—we have to understand not just how the future of work and skills is evolving, but how students are changing and what’s on their minds,” says Choksi.

You can see the full report here.

2 min Read

News

Facebook Users Are Having a Hard Time Detoxing From Their Feeds

By Aarthi Swaminathan and Michael B. Kelley | Yahoo Finance | Trying to take a hiatus from social media? If you’re finding Facebook the hardest to leave, you’re not alone. According to new

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S.E.C. Subpoenas Tesla Over Elon Musk’s Tweet About Going Private

Hunting for A Job? Be Careful What You Post

Male Cheerleaders Make History in the NFL Amid Cries for More...

New Pearson Research Finds YouTube and Video Are Top Learning Tools...

Facebook Users Are Having a Hard Time Detoxing From Their Feeds

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S.E.C. Subpoenas Tesla Over Elon Musk’s Tweet About Going Private

Hunting for A Job? Be Careful What You Post

Male Cheerleaders Make History in the NFL Amid Cries for More Female Leadership

New Pearson Research Finds YouTube and Video Are Top Learning Tools for Generation Z

Facebook Users Are Having a Hard Time Detoxing From Their Feeds

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