Documents
Disclosure Games®
Tesla Motors, Inc.
$339.03 Mkt Cap $56.98 B
Summary and Opinion: In what’s sure to be ammo for both Elon Musk fans and haters alike, we recently acquired documents that show from Jun-2016 to 31-May-2017, the SEC conducted a formal investigation of Tesla Motors that was squarely focused on the company’s Model 3. The probe was in-depth and got into a wide range of items similar to questions raised by company skeptics. It also named Goldman Sachs and looked at the timing of its analyst report upgrading Tesla ahead of the company announcing a $2 billion stock offering later that same day, in May-2016. Goldman and Morgan Stanley were the lead underwriters. The probe ended on 31-May-2017 with no enforcement action recommended.
-- Probes Reporter
Independent Investment Research Focused on Public Company Interactions with the SEC.
Notes: Our Disclosure Insight® reports, like those coming from other financial news and data providers, provide the investing public with commentary and analysis on public company interactions between investors and/or with the SEC and other agencies. They are journalistically based in large part on our expertise with federal filings using the Freedom of Information Act.
“Disclosure Games®” is a term we use to highlight those public companies engaging in disclosure practices that in our opinion may be misleading, confusing, evasive, or otherwise lacking the transparency needed for investors to make well-informed investment decisions regarding a potentially material exposure.
To learn more on our process and what our findings mean, click here.
