The SEC and Elon Musk have agreed to settle a lawsuit accusing Musk of violating securities law by failing to timely disclose his stake in Twitter before his 2022 purchase. Musk's revocable trust will pay a $1.5 million civil penalty as part of the settlement, which still requires court approval. The SEC claimed Musk's late disclosure allowed him to buy Twitter shares at artificially low prices, disadvantaging other investors. This follows previous legal issues Musk faced with the SEC and ongoing lawsuits related to his business activities.
Goldman Sachs raised its Tesla vehicle delivery forecast for Q2 2026 to 420,000, driven by strong sales in Europe and Asia-Pacific, but kept its stock price target at $375, implying an 8.8% downside from the current price. The bank noted weakness in ...
Tesla's stock fell early Tuesday despite a 25% rise over the past year, reflecting investor concerns as SpaceX, Elon Musk's rocket and AI company, saw its stock soar. This shift highlights growing investor interest in SpaceX's ventures over Tesla's e...
SpaceX shares surged more than 10% in premarket trading Tuesday, following a nearly 20% rise on Monday after its historic IPO last week. The company's market capitalization crossed $2.5 trillion on Monday and could surpass $2.75 trillion if the prema...
Elon Musk's SpaceX recently went public, raising questions about a potential IPO for its Starlink subsidiary. Data from prediction market Kalshi shows only a 7-10% chance of a Starlink IPO announcement before mid-2027. Meanwhile, Musk predicts SpaceX...
SpaceX's shares surged nearly 20% on their first full trading day after the company's historic IPO, raising Elon Musk's net worth by about $165 billion to a record $1.3 trillion. This milestone makes Musk the world's first trillionaire, far ahead of ...
