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Musk says Murdoch Tesla tilt incorrect

Musk says Murdoch Tesla tilt incorrect

The brief was required by a federal judge who must approve a securities fraud settlement reached with Musk and the company last month.

Reporting has suggested the tweets, which caused "significant" disruption to the market, was based on a 20 per cent premium over where the stock was trading before Musk's announcement - although pop-culture outlets have suggested it was a "weed joke" created to impress Grimes, Elon Musk's girlfriend. He and Tesla each agreed to pay $20 million fines.

The latest Tweet: Elon Musk tweeted a reply to a FT report stating James Murdoch is the lead choice for Tesla's new Chairman, saying, "This is incorrect". Musk has taken to Twitter to dispute the report.

The deal does not require Musk to admit that he misled investors when he tweeted about taking Tesla private in August at $420 a share. Less than two days before the end of the quarter, Musk even sent out a message to Tesla's employees, urging them to work hard as the company is "very close" to profitability. The deal with the SEC eased uncertainty over Tesla's future because the agency's lawsuit initially sought to bar Musk from serving as an officer or director of a public company, a prospect that rattled investors.

Bodies of 11 babies found in closed funeral home in Detroit
Investigators found bodies not stored properly, including at least least two that reportedly appeared to be covered in mold. It is unclear how, and whether, the funeral home administration ties into the shocking mishandling of the infants' remains.

Elon Musk plans to launch a tequila under the brand Tesla.

Also today, The Verge has an interesting view on the Tesla chairman speculation.

As part of Musk's settlement with the SEC, Tesla is supposed to monitor its CEO's Twitter posts, but only those that have to do with company news. Musk described the diver as a pedophile in a tweet that has since been deleted. Royal Bank of Canada restated a "neutral" rating and set a price objective on shares of Tesla in a research note on Friday, September 28th.

In a vote of confidence for Musk, shareholder T. Rowe Price Group Inc said in a regulatory filing on Wednesday that it had raised its stake by almost half to 10.2 per cent at the end of September from just under 7 per cent in June. Another institutional investor, Bailey Gifford, which owns 13.2 million TSLA shares, now stands as Tesla's third-largest shareholder. Teases of an eventual global rollout for the electric auto, such as an exhibit in the Paris Motor Show, further suggest that Tesla is steadily gaining its foothold in its efforts to roll out its first mass-market vehicle. Filing to trademark a name would be a pretty intense strategy for furthering a prank, so it seems possible that this might be a real endeavor for Musk. At the time of the report he also served at Sky Plc, from which he stepped down following Comcast's takeover of the broadcasting company.