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Tesla's slow disclosure raises governance, social media concerns

Reuters  |  WASHINGTON 

By Michelle Price and Jessica DiNapoliWASHINGTON (Reuters) - Tesla Inc's handling of Chief Executive Elon Musk's proposal to take the carmaker private and its failure to promptly file a formal disclosure has raised governance concerns and sparked questions about how companies use social media.Musk stunned investors last Tuesday by announcing on Twitter that he was considering taking Tesla private in a potential $72 billion transaction and that "funding" had been "secured." Tesla's shares closed up 11 percent before retrenching after the Wall Street Journal reported that the U.S. Securities ...

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First Published: Tue, August 14 2018. 02:48 IST