The U.S. Securities and Exchange Commission has filed a lawsuit against Tesla CEO Elon Musk for alleged fraud. <br /> According to court documents filed Thursday, the SEC claims that Musk issued "false and misleading" statements and failed to notify regulators of material company events.<br />It was in reference to an August tweet, in which Musk wrote "am considering taking Tesla private at $420. Funding secured."<br />The lawsuit was filed in federal court in Manhattan. <br />Musk released a statement, calling the action "unjustified." <br />He added that he acted in the "best interests of truth, transparency and investors". <br />
