Tesla business acquisition wrongly sends stock market into frenzy

Tesla Motors acquired Riviera Tool LLC, a tool and die company based out of Michigan, for an undisclosed sum on the 7th of May. What followed was a buying frenzy of the wrong stock, which led to the industry regulator stepping in.Not long after the acquisition announcement by Tesla Motors, stock speculators suggested that shares in Riviera Tool LLC would be a good purchase, […]