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SEC comes knocking for GE, Tesla gets a reprieve

Tesla’s latest results have reversed much of its recent losses on the stock market, and now that the SEC has largely finished investigating CEO Musk, General Electric appears to have drawn the ire of the SEC. GE’s infamous $22bn write-down is now the subject of an SEC and DoJ investigation. The probe comes as GE is attempting to restructure the Power division, into two units. One half will house the natural gas assets, and the other will collate the coal, grid, and nuclear products and services. However, this investigation is going to do nothing to alter GE’s downward trajectory, which has seen its share price fall and fall. The $22bn goodwill charge would be painful enough by itself, but the…

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