Investors betting against Tesla were up nearly $800 million Thursday as the company's CEO entered federal court in Manhattan.
Investors betting against Tesla were up nearly $800 million Thursday after the electric carmaker gave Model 3 production figures that fell way short of estimates and as the company's chief executive officer entered federal court in Manhattan to defend against claims that he violated an October settlement with the U.S. government.
CEO Elon Musk arrived at Manhattan federal court Thursday afternoon in the latest chapter of an extended battle with the Securities and Exchange Commission. The government agency is arguing that Musk broke the terms of a prior settlement by posting material company information on social media earlier this year.
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