The Nikola founder could face decades in prison for allegedly false, misleading Twitter posts.
This noted market pessimist said in January that some shares would thrive, despite a popped bubble.
Institutional investors are wary of betting on the gas until it proves itself, as the technology is nascent. But its stocks are surging anyway.
The automaker has been sued by the Detroit Police and Fire retirement system over big payouts, and the retailer by the Detroit plan and a Norfolk County (Mass.) plan on how it distributes the drug.
The SEC Twitter scandal looked like a nail in Tesla’s coffin, but a swift settlement surged shares and will see the automaker remain CEO at the expense of his chairman gig and a $40 million payment.
Cites issues with ‘lack of focus on profitability for the company.’