When Elon Musk tweeted last week that funding for taking his EV company Tesla private had been secured, stock prices in Tesla ballooned; but it also had people wondering about the veracity of his claims.
Martin Tripp, the former Tesla employee who was sacked from Tesla, accused by Elon Musk of sabotage, sued by the company and turned whistleblower, has tweeted a number of photos that allegedly show damaged batteries and flawed practices at Tesla's battery factory. Since then questions have arisen about both the seriousness of the claim (one that Musk has stuck to despite evidence to the contrary) and whether Musk was intentionally trying to juice Tesla's stock (thus thwarting short sellers).
A Tesla spokesperson told Engadget that those claims aren't true at all and that it has never used punctured cells in any Model 3 vehicles. Subpoenas typically indicate the SEC has opened a formal investigation into a matter.
The latest news extended the roller-coaster ride for Tesla investors in recent days, adding to uncertainty about the future course of the company and whether a deal can be done amid growing regulatory complications.
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He later retracted that statement and said he followed proper protocol in reporting the issue when it occurred in October 2015. Last month, Zach Smith was sacked from Ohio State after accusations of domestic violence made by his ex-wife were made public.
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Relatives of the dead stood beside the coffins, adorned with white and yellow roses, some with their hands on the caskets. Archbishop Angelo Bagnasco, who is expected to lead the mass, expressed his respect for those who refused state funerals.
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Then-presidential candidate Donald Trump capitalized on the ensuing firestorm and has railed against the protests ever since. It's not our job to politics, purely, but we'll cover the intersection of sports & politics.
The "Saudi sovereign fund has more than enough capital needed to execute on such a transaction", he suggested. "Notably, there have been zero battery safety issues in any Model 3", the company spokesperson said.
Tesla's board has formed a special committee of three independent directors to evaluate any proposal from Musk or a rival bidder.