Tesla's stock falls 11% after SEC sues Elon Musk

Quick Summary

Most of that would convert to stock if Tesla's price holds above $360 — but that seems unlikely.

The stock fell as low as $265 after the bell Thursday, 14% below Tesla's closing price for the day.

However, skeptical investors never believed Musk, and the stock never approached anything close to $420 a share.It rose as high as $387.46 on August 7 and tumbled since then.

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Article Details

Author / Journalist: David Goldman

Category: Technology

Topics: Jones Tesla Reserved Indices Stock Price Company Cash Musk Rights 2019

Source Website Secure: No (HTTP)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2018-09-28, 06:49:56

News Timezone: GMT -5:00

News Source URL: money.cnn.com

Language: English

Reading Time: 3 minutes read

Article Length: 536 words

Coverage Area: United States

Availability: Desktop Web, Mobile Web

News ID: 744

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Main Topics: Technology

Official Website: money.cnn.com

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