Science


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Musk Tweets Out Another Tesla Forecast in Midst of SEC Talks

Musk wrote Sunday that Tesla will make more than 500,000 cars in the next 12 months. A similar tweet sent almost two months ago in which Musk said the company would build half a million vehicles in 2019 led the U.S. Securities and Exchange Commission to argue he was in contempt of a settlement reached with the regulator last year. The latest forecast, given as a seemingly innocuous aside in a discussion about the future value of Tesla vehicles, nonetheless came as Musk’s lawyers are negotiatin...
Tags: Science, Tesla, SEC, Musk, U S Securities and Exchange Commission


Musk Tweets Another Tesla Forecast in Midst of Talks With SEC

Musk wrote Sunday that Tesla will make more than 500,000 cars in the next 12 months. A similar tweet sent almost two months ago in which Musk said the company would build half a million vehicles in 2019 led the U.S. Securities and Exchange Commission to argue he was in contempt of a settlement reached with the regulator last year. The latest forecast, given as a seemingly innocuous aside in a discussion about the future value of Tesla vehicles, nonetheless came as Musk’s lawyers are negotiatin...
Tags: Science, Tesla, SEC, Musk, U S Securities and Exchange Commission


'I Will Nuke You', Elon Musk Allegedly Tells Former Employee

Elon Musk is, if nothing else, an innovator. He finds new ways to recover rockets from space; new useless holes to drill into the earth; new reasons to get fined by the SEC, and according to a report by Bloomberg, new ways of threatening his subordinates. Mostly you could say he’s guilty of having too many good ideas.Read more...
Tags: Elon Musk, Science, Tesla, Bloomberg, SEC, Storytime With Elon


Elon Musk Lives to Tweet Another Day

Elon Musk’s prolonged battle with the SEC over his tweets reached a tentative conclusion on Thursday. For now, he’s still allowed to post and you better believe he will excercise that right.Read more...
Tags: Elon Musk, Science, Tesla, SEC, Always Be Tweeting


Musk Judge Sends SEC, Tesla CEO Back to Negotiating Table

The U.S. Securities and Exchange Commission claims Musk violated an October settlement with a Feb. 19 post on Twitter and wanted him found in contempt of court. U.S. District Judge Alison Nathan questioned the specifics of the deal and told the two sides to rework the language so there won’t be any ambiguity on what Musk is allowed to post and what he can’t. Nathan said she has "serious concerns that whatever I decide here, the issue will not be finally resolved." If Musk and the SEC don’t res...
Tags: Science, SEC, Musk, U S Securities and Exchange Commission, Nathan, Alison Nathan


Elon Musk Is Still Fighting the SEC in Court Over His Bad Tweets

Tesla CEO Elon Musk really, really wants to keep tweeting without any other adults looking over his shoulder, despite a settlement with the Securities and Exchange Commission last year ordering him not to send out tweets that could affect Tesla’s stock without getting pre-approval from company officials.Read more...
Tags: Twitter, Elon Musk, Science, Technology, Social Media, Tesla, SEC, Securities And Exchange Commission, Elon Must


The SEC Says Elon Musk's Rationale for Continuing to Send Out Bad Tweets 'Borders on the Ridiculous'

Last year, Tesla CEO Elon Musk sent out a baffling tweet saying that he had “funding secured” to take the company private at a share price of $420 (which some readers may recognize as the weed number). It turned out no such deal had been finalized, the Securities and Exchange Commission slapped Musk with fraud…Read more...
Tags: Twitter, Elon Musk, Science, Technology, Social Media, Tesla, Courts, SEC, Securities And Exchange Commission, Musk, Tesla CEO Elon Musk, SEC Says Elon Musk


SEC sues Volkswagen, ex-CEO over alleged emissions fraud on investors

WASHINGTON/FRANKFURT (Reuters) - The U.S. Securities and Exchange Commission (SEC) is suing Volkswagen (VW) and its former chief executive Martin Winterkorn over the German automaker's diesel emissions scandal, alleging a "massive fraud" on U.S. investors. Regulators and investors argue VW should have informed them sooner about the scope of the scandal, while VW says it was not clear it would face billions of dollars in fines and penalties as others had paid out much lower sums for similar offe...
Tags: Science, Washington, Vw, SEC, Volkswagen, Martin Winterkorn, Volkswagen VW, FRANKFURT Reuters, U S Securities and Exchange Commission SEC


Volkswagen may face U.S. SEC lawsuit over failure to disclose emissions cheating

Volkswagen AG said the U.S. Securities and Exchange Commission may sue the German automaker over its failure to disclose its diesel emissions scandal to investors. VW said in its annual report https://bit.ly/2HlE1Su released earlier this week that the SEC probe focuses on the automaker's nondisclosure of "certain Volkswagen diesel vehicles' noncompliance" with U.S. emissions rules. Volkswagen did not have an immediate comment.
Tags: Science, Vw, SEC, Volkswagen, U S Securities and Exchange Commission, Volkswagen AG


Elon Musk to SEC: You Can't Make Me Never Tweet

On Monday, Tesla CEO Elon Musk filed his response to an SEC request to that a federal court hold him in contempt for violating a settlement agreement. In the filing, Musk argues that restrictions on his tweeting amount to an “unconstitutional power grab” by the SEC and that he didn’t even violate the agreement anyway.Read more...
Tags: Elon Musk, Science, SEC, Never Tweet, Musk


Tesla Investors Are Suing Over Elon Musk's Bad Tweets

At what point is it time to just log the hell off?Read more...
Tags: Twitter, Elon Musk, Science, Tesla, SEC, Never Tweet, Log Off


Let's Not Be so Quick to Praise Lyft's Promise of $10,000 Bonuses for Drivers

Ridesharing platform Lyft bought itself some goodwill in the wake of its initial public offering last week when SEC disclosures made it clear—as had been rumored—that the company would be distributing bonuses to select drivers. The number of drivers who might receive these benefits, however, may be vanishingly small.Read more...
Tags: Lyft, Uber, Science, Ipo, SEC, Rideshare, Charm Offensives


Elon Musk's SpaceX plans NASA test launch Saturday

The Washington Post's Christian Davenport is among journalists who are gathering at Kennedy Space Center's launchpad 39A in Florida to witness a planned SpaceX test launch that is destined for the International Space Station. The launch of an unmanned craft brings NASA closer to having astronauts depart U.S. soil for space, for the first time in almost eight years. A lot is riding on this launch, particularly as the long-held fraternal relationship between America and Russia on space matters...
Tags: Post, Space, Spacex, Elon Musk, Florida, Science, News, Washington Post, Russia, America, Tesla, Nasa, United States, SEC, Iss, Spaceflight


Elon Musk-SEC ‘Boxing Match’ Is the Last Thing Tesla Investors Need

The stock is falling about 3 percent, as analysts say that regulators might come down hard on Musk, given the settlement is less than five months old, and in light of Musk’s disparaging comments about the SEC. With concerns mounting about the strength of Tesla’s demand and profit margins,and a debt payment milestone also hanging over the stock, the latest regulatory tussle comes at an inopportune time for Tesla investors. Here’s what analysts had to say on the latest SEC action.
Tags: Science, Tesla, SEC, Musk, Elon Musk SEC


Musk Lays Into SEC With More Tweets After U.S. Contempt Claim

“Something is broken with SEC oversight,” Musk wrote, in response to a user’s tweet sympathizing with this position. Musk was taking issue with the SEC alleging he breached that deal with a Feb. 19 tweet that said Tesla would make about half a million cars in 2019. The exchanges come less than five months after Musk settled claims that he misled the public with tweets about taking the electric-car maker private.
Tags: Science, Tesla, SEC, Musk


Elon Musk's Tweets Keep Landing Him in Trouble With the SEC

The U.S. Securities and Exchange Commission asked a judge Monday to hold Musk in contempt for violating last year’s settlement with the agency, raising a fresh round of regulatory issues for the electric-car maker’s chief executive officer. Musk tweets that he’s considering taking Tesla private, with funding secured, prompting the SEC to begin making inquiries into the truthfulness of his posting. Reports say Tesla received a subpoena from the SEC over Musk’s Aug. 7 tweet, showing intensifying...
Tags: Science, Tesla, SEC, Musk, U S Securities and Exchange Commission


Elon Musk’s Lawyers Defended Tweet to SEC as Rehash of Vetted Statement

The tweet “was intended to recapitulate” a statement from an earnings call 20 days earlier -- and pre-approved by Tesla’s general counsel -- in which Musk predicted Model 3 output “should allow us to get to the 10,000 vehicles a week rate or very close to it by the end of the year,” according to the attorneys’ Feb. 22 letter to the SEC included in court filings Monday. The company’s attorneys stressed that Tesla and Musk take seriously their responsibility under the settlement reached with the ...
Tags: Elon Musk, Science, Tesla, SEC, Musk


Lawyer In Charge of Apple’s Insider-Trading Policy Accused of Insider Trading

Levoff, who until last year was Apple’s senior director of corporate law, traded on advance knowledge of revenue-and-earnings figures multiple times dating back to 2011, the Securities and Exchange Commission and federal prosecutors said Wednesday. For instance, in July 2015, Levoff learned that Apple wouldn’t meet analysts’ third-quarter forecast for iPhone sales, the SEC said in a related civil complaint. Levoff’s attorney, Kevin Marino, said he is reviewing both the SEC’s civil complaint an...
Tags: Apple, Science, SEC, Securities And Exchange Commission, Levoff, Kevin Marino


Ex-Top Apple Lawyer Levoff Accused by SEC of Insider Trading

Gene Daniel Levoff, who until last year was Apple’s senior director of corporate law, traded on insider information at least three times in 2015 and 2016, the SEC said in a Wednesday order. For instance, in July 2015, he learned that the company wouldn’t meet analysts’ third quarter forecast for iPhone sales, and avoided about $345,000 in trading losses. Levoff, 44, was fired in September 2018 after being placed on leave last year, according to the SEC’s filing.
Tags: Apple, Science, SEC, Levoff, Gene Daniel Levoff


Fired Apple Executive Charged With Crime He Was Supposed to Prevent

Gene Levoff, a former Vice President of Corporate Law at Apple, was charged with insider trading on Wednesday by the U.S. Securities and Exchange Commission.Read more...
Tags: Apple, Science, SEC, Insider Trading, Gene Levoff, U S Securities and Exchange Commission Read


IPO Hopefuls Back to Work After Government Reopens

President Donald Trump agreed to reopen the federal government on Friday for about three weeks while lawmakers renegotiate border security legislation. The short-term agreement will resuscitate the Securities and Exchange Commission, which has effectively been closed since the partial shutdown started on Dec. 22. With the government reopening until at least February 15th, the SEC must wade through a reserve of filings and requests, said Anna Pinedo, a partner with law firm Mayer Brown LLP who ...
Tags: Science, SEC, Donald Trump, Securities And Exchange Commission, Anna Pinedo, Mayer Brown LLP


Blank-check company IPOs moving ahead despite government shutdown

"Blank-check" companies, which launch IPOs to raise money for acquisitions, are taking advantage of their unique structure to proceed without the approval of the Securities and Exchange Commission (SEC), which has been paralyzed by the longest government shutdown in U.S. history. With other stock market debuts on hold while the SEC remains largely closed, this is enabling these companies, also known as special purpose acquisition vehicles (SPACs), to have the IPO limelight all to themselves.
Tags: Science, SEC, Securities and Exchange Commission SEC


Defendants Charged in Alleged Scheme to Hack SEC Filing System, Steal Financial Info

U.S. authorities have charged “a suspected Ukrainian computer hacker and several traders” with attempting to cash in on “market-moving corporate earnings news” stolen from Securities and Exchange Commission systems, Reuters reported on Tuesday.Read more...
Tags: Science, Technology, Finance, Cybersecurity, Hacking, Hackers, SEC, Securities And Exchange Commission, Reuters, Insider Trading, Edgar


Uber and Lyft IPO Timing Is Left in Limbo by Shutdown

A partial government shutdown resulting from President Donald Trump’s negotiations for a wall on the southern border has sapped the Securities and Exchange Commission of resources, delaying what’s expected to be a busy year for IPOs. The ride-hailing companies, likely two of the year’s biggest offerings, believe the shutdown could slow their public debuts depending on how long it takes for the SEC to reopen and how substantial the agency’s feedback is when it does, said the people, who asked no...
Tags: Lyft, Science, SEC, Donald Trump, Securities And Exchange Commission


Structure of the posttranslational Sec protein-translocation channel complex from yeast

The Sec61 protein-conducting channel mediates transport of many proteins, such as secretory proteins, across the endoplasmic reticulum (ER) membrane during or after translation. Posttranslational transport is enabled by two additional membrane proteins associated with the channel, Sec63 and Sec62, but its mechanism is poorly understood. We determined a structure of the Sec complex (Sec61-Sec63-Sec71-Sec72) from Saccharomyces cerevisiae by cryo–electron microscopy (cryo-EM). The structure shows t...
Tags: Science, SEC


Tesla Names Two New Directors to Board as Part of SEC Settlement With Elon Musk

Tesla announced two new additions to its board on Friday: Kellogg alum Kathleen Wilson-Thompson and Oracle co-founder and CTO Larry Ellison, who has described himself as a close pal of Elon Musk.Read more...
Tags: Elon Musk, Science, Tesla, Larry Ellison, SEC, Settlement, Cto, 420, Kellogg, Kathleen Wilson Thompson


IMAX Officially Bails on VR Business

After investing in virtual reality experiences, IMAX has officially decided to cut its losses. In an SEC filing yesterday, the company revealed it’ll shutter its remaining three VR theaters—including its flagship location in Los Angeles—in early 2019 and write off “certain VR content investments.” Read more...
Tags: Science, Technology, Entertainment, Los Angeles, Vr, Virtual Reality, SEC, Imax, Lol Imax At Least You Tried


7 GIFs of Elon Musk Having a Normal One on 60 Minutes

Did you catch Elon Musk on 60 Minutes last night? It was weird, to say the least. The billionaire founder of SpaceX and Tesla said that he didn’t respect the SEC, that his Twitter habits are normal, and that reports of dangerous conditions at Tesla are all part of a conspiracy to unionize the company.Read more...
Tags: Spacex, Elon Musk, Science, Tesla, SEC


SEC Informs DJ Khaled That He Has Played Himself

The past year has seen its fair share of largely indistinguishable cryptocurrency scams. Think of a noun. [Noun]Coin and its founders were probably charged with fraud in the past 16 months. Most of these boneheaded grifts bleed together into one long, libertarian migraine—but only one of them can claim to have cost DJ…Read more...
Tags: Science, Scams, SEC, Floyd Mayweather, Dj Khaled, Centra Tech


Uber Just Asked the SEC Permission to Give Its Drivers Equity

From the day Uber started offering its ride-sharing service, it’s been fighting with drivers and governments over its lack of benefits and low wages. On Thursday, it signaled that it wants to give drivers a peace offering in the form of a piece of the company.Read more...
Tags: Uber, Science, SEC, Equity, Gig Economy



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