Tesla shares tank as SEC files fraud charges against Elon Musk

PUBLISHED: Fri, 28 Sep 2018 10:43:04 GMT


Tesla shares have plummeted yesterday, this coming after the release of the Model 3 Sedans. There is much speculation around the drop in shares, with some reports blaming the infamous tweet in which Musk said the company would be going private, this coupled with the major resignations from top several executives and the justice department opening a fraud investigation, has caused a lack of confidence from financial investors. Tesla and its board have reported that the company have absolute confidence in Musk’s integrity and leadership. Joining CNBC Africa for more is Michael Treherne, Portfolio Manager, Vestact.

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