Elon Musk has tweeted himself into serious trouble. The Securities and Exchange Commission (SEC) sued Tesla’s CEO on Thursday for making “false and misleading” statements to investors.
The complaint hinges on a tweet Musk sent on August 7 about taking Tesla private. “Am considering taking Tesla private at $420,” Musk said. “Funding secured.”
The SEC said he had “not actually secured the funding” and had not even discussed, much less confirmed, key deal terms, including price, with any potential funding source.crolling the news footer)
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