Re: TSLA Bombshell - Read the News
The company settles with the SEC for $40 MM, and Musk steps down as chairman but remains as CEO.
I'm quite tempted to short a small position (~50 shares) at above $300. Class action civil suits to follow...and I just don't see much good news being announced in the near term. No reason to putz around with the SEC anymore. With a new chairman in place, I wouldn't be surprised to see the company start getting conservative with their accounting (which wasn't true in the past), and to see Musk start airing out any pending bad news to avoid further accusations of financial misrepresentation. JMHO...