Government, Business, Technology, Fuel, Autonomous

Nikola Misses Estimates, Details Additional SEC Inquiry

Nikola Nikola still intends to deliver 100 battery-electric Tre semis this year. (Nikola Corp.)

Nikola Corp. posted a narrower-than-expected loss for its latest quarter as the troubled electric-vehicle startup ramped up testing of its debut battery-electric Class 8 trucks and said securities regulators investigating the company issued an additional subpoena in March.

Dan Ronan | Associate News Editor
May 7, 2021
Government, Business, Top 100

Two Former Celadon Executives Charged in Fraud Scheme

Celadon headquarters John Sommers II for Transport Topics

The Securities and Exchange Commission and federal prosecutors on Dec. 5 charged two former top executives of Indianapolis-based trucking company Celadon Group Inc. for their participation in an accounting fraud in 2016 and 2017 that allegedly inflated the company’s income and earnings per share.

Eric Miller | Senior Reporter
December 5, 2019
Government, Business, Technology

Musk’s Tweets About Tesla Production Raise Questions on SEC Accord

Elon Musk Elon Musk arrives at federal court in New York on April 4. (Bloomberg News)

Elon Musk tweeted a Tesla Inc. production number that the company hadn’t communicated previously, presenting the first test case of whether his April settlement with securities regulators has made him more disciplined on social media.

July 30, 2019
Government, Business, Top 100

Celadon to Pay $42.2 Million After Admitting to Accounting Fraud

Celadon truck on a highway John Sommers II for Transport Topics

Celadon Group Inc. has agreed to pay $42.2 million to settle a federal investigation into allegations that a prior management team and a subsidiary company filed false and misleading statements to investors regarding tractors and trailers leased to owner-operators.

Eric Miller | Senior Reporter
April 25, 2019
Government, Business, Fuel

Tesla’s Elon Musk, SEC Get More Time to Solve Spat Over Tweets

Elon Musk Elon Musk arrives at federal court in New York on April 4. (Bloomberg News)

In a joint letter to U.S. District Judge Alison Nathan, Tesla Inc.’s top executive and the securities regulator said they haven’t been able to resolve a legal dispute over how Musk posts news about his electric-car company. The judge agreed and gave them until April 25.

April 19, 2019
Government, Technology

Elon Musk Tweets Another Tesla Forecast in Midst of SEC Talks

Elon Musk Elon Musk, CEO of Tesla, outside a federal court in New York on April 4. (Natan Dvir/Bloomberg News)

Elon Musk, already in hot water over his Twitter use, posted another Tesla Inc. production forecast reminiscent of the one that landed him before a federal judge earlier this month.

April 15, 2019
Government, Business, Technology, Fuel

VW Sued by SEC for Misleading Bondholders on Diesel Cheating

vw Akos Stiller/Bloomberg News

Volkswagen AG and its former CEO were sued by the U.S. Securities and Exchange Commission over claims they failed to disclose to investors that diesel vehicles violated emissions standards, the latest twist in a software cheating scandal that already has cost the company more than $30 billion.

Peter Blumberg | Bloomberg News
March 15, 2019
Government, Business, Technology, Logistics

Musk Faces Contempt Claim for Violating Accord With SEC

Elon Musk Tesla CEO Elon Musk (Patrick T. Fallon/Bloomberg News)

Elon Musk is facing a new round of regulatory trouble for tweets about Tesla Inc., raising fresh concerns about the chief executive officer’s ability to keep his impulses in check and responsibly run a public company.

February 26, 2019

Nissan Under Investigation by SEC Over Executive Pay

Nissan Paul Sancya/Associated Press

The Securities and Exchange Commission is investigating whether Nissan Motor Co. accurately disclosed its executive pay in the United States, according to several people familiar with the matter, compounding the carmaker’s woes as it grapples with the aftermath of former Chairman Carlos Ghosn’s arrest.

January 28, 2019