The lower-priced offering comes as sales appear to slow and follows a reduction in the federal tax credit for the company’s electric vehicles. Source: NYT > Business – NEAL E. BOUDETTE
Breakingviews: Could Elon Musk Talk Himself Into a Tesla Buyout?
The Tesla chief executive is in trouble with the U.S. Securities and Exchange Commission again, but he could stand to gain from the strife. Source: NYT > Business – ANTONY CURRIE
S.E.C. Wants Elon Musk Held in Contempt of Court for Tesla Post on Twitter
Mr. Musk violated a settlement when he published information about production goals without seeking approval from his company’s lawyers, the Securities and Exchange Commission wrote to a judge. Source: NYT > Business – THE NEW YORK TIMES
Kraft Tests How Much Costs Can Be Cut as Tastes Change
The reputations of some of the world’s most powerful investors rest on whether they can get consumers excited again about Kraft macaroni and cheese. Source: NYT > Business – PETER EAVIS
Kraft Heinz Reveals $15 Billion Write-Down and S.E.C. Accounting Inquiry
Kraft also cut its dividend, and its chief financial officer said he expected the company to “take a step backwards in 2019.” Shares fell 11 percent in after-hours trading. Source: NYT > Business – REUTERS
U.S. Investigating Johnson & Johnson Over Baby Powder’s Safety
The company said in a regulatory filing that it had received subpoenas from the Justice Department and the Securities and Exchange Commission related to its talc-based products. Source: NYT > Business – TIFFANY HSU