Elon Musk and Tesla sued over ‘fraudulent scheme’ to go private

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Lawsuits say funding secured tweet broke securities laws and aimed to punish short-sellers Tesla and Elon Musk were sued twice on Friday by investors who say they fraudulently engineered a scheme to squeeze short-sellers, including through Musks proposal to take the electric car company private. The lawsuits were filed three days after Musk stunned investors […]


Soaring tech stocks send Nasdaq to record high

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Bumper profits from Google parent Alphabet and Amazon boost tech-heavy index as Jeff Bezos closes in on title of worlds richest person A slew of large tech companies including Google parent Alphabet and Amazon have reported better than expected bumper profits, promising to boost the Nasdaq index to fresh highs. The tech-heavy index already pushed […]