LOSING STREAK, LIFTED BY SHARES
OF APPLE, BOEING AND VISA.
CONNELL McSHANE ON FLOOR OF
NEW YORK STOCK EXCHANGE.
YOU HAVE BREAKING NEWS ON TESLA.
REPORTER: I DO.
LET ME GIVE YOU THAT NEWS HAS
TESLA STOCK DOWN 8 1/2%
AFTER-HOURS.
ELON MUSK, CEO OF TESLA IS BEING
ACCUSED OF COMMITTING SECURITIES
FRAUD BY THE
SECURITIES & EXCHANGE
COMMISSION.
A COMPLAINT JUST RELEASED HERE
IN NEW YORK.
I HAVE A COPY OF THE COMPLAINT
HERE IN MY PHONE.
I WILL READ AWE OPENING
PARAGRAPH SUMMARY.
THAT GIVES YOU AN IDEA.
HE IS ACCUSED OF MAKING A SERIES
OF MISLEADING STATEMENTS.
WHAT IT SAYS IN THE PARAGRAPH,
WHEN MUSK TALKED ABOUT TAKING
TESLA PRIVATE, HIS STATEMENTS
DISSEMINATED VIA TWITTER FALSELY
INDICATED THAT, SHOULD HE SO
CHOOSE, HE CERTAINLY WOULD TAKE
TESLA PRIVATE AT PURCHASE PRICE
THAT WAS A PREMIUM OVER WHERE IT
WAS.
I'M PARAPHRASING.
IN TRUTH AND IN FACT MUSK HAD
NOT EVEN DISCUSSED, MUCH LESS
CONFIRMED KEY DEAL TERMS
INCLUDING PRICE AND ANY
POTENTIAL FUNDING SOURCE.
THEY SAID HE HAD NOT CONFIRMED
ANY OF THIS AND MADE MISLEADING
AND FALSE STATEMENTS.
THAT WILL A BIG TALK TOMORROW
MORNING.
WALKING AROUND THE EXCHANGE
FLOOR TODAY WE SAW EVERY
TELEVISION TUNED IN TO THE
HEARING ON CAPITOL HILL.
WE SAW THAT REFLECTED IN THE
TRADING VOLUME ESPECIALLY
BEGINNING OF THE DAY, CHRISTINE
BLASEY FORD WAS TESTIFYING
BEGINNING THE OPENING STATEMENT.
AT THE END OF THE DAY WHEN JUDGE
KAVANAUGH TESTIFIED AGAIN, AT
2:30 IN THE AFTERNOON, TRADE WAS
DOWN, 7% BELOW THE ONE-MONTH
