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Motley Fool Hidden Gems Investing

Trouble At Tesla

Motley Fool Hidden Gems Investing

The Motley Fool

Investing, Business

4.33.1K Ratings

🗓️ 28 September 2018

⏱️ 42 minutes

🧾️ Download transcript

Summary

The SEC sues Tesla CEO Elon Musk for fraud. Analysts David Kretzmann, Seth Jayson, and Jason Moser talk Tesla, Nike, Vail Resorts, McCormick, Michael Kors, hot IPOs, and Dunkin’s new name. And Bloomberg technology editor and best-selling author Brad Stone talks Uber, Lyft, Facebook, and Amazon. Go to www.Harrys.com/Fool to redeem your offer and let them know we sent you to help support the show!   Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

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1:04.8

This is Motley Full Money. It's the Motley Full Money radio show. I'm Chris Ellin joining me in

1:09.2

studio this week. Senior analyst Jason Moser, David Kretsman and Seth Jason. Good to see you as always,

1:14.6

gentlemen. Hey, we've got the latest headlines from Wall Street. Best selling author Brad Stone is our guest.

1:20.0

And as always, we'll give you an inside look at the stocks on our radar. But we begin this week with Tesla.

1:25.3

On Thursday, the SEC announced it is suing CEO Elon Musk for making false and misleading

1:31.6

statements to investors. This came just hours after Musk reportedly backed out of a proposed settlement

1:38.2

with the SEC that would have resulted in a fine for both Musk and Tesla, a requirement that Tesla

1:44.5

add two new independent directors and a two year ban on Musk serving as chairman of the board.

1:51.7

So Jason now by not taking the settlement deal, Musk is looking at the possibility of being banned

1:58.3

from being a CEO of Tesla or any other public company for a long time.

2:02.8

And that's a distinct possibility, which leads me to believe that we will see him change courts here.

...

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