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A Tweet Too Far: SEC Sues Tesla's Musk For Fraud

2018-09-28 1 Dailymotion

<br /> Tesla CEO Elon Musk has incurred the considerable wrath of the Securities and Exchange Commission.<br />Reuters reports the SEC has accused Musk of fraud and wants to ban him as a director of a public firm.<br />Musk allegedly made a series of “false and misleading” tweets about potentially taking Tesla private.<br />On August 7th, Musk tweeted he might take Tesla private at $420 per share, and that there was “funding secured.”<br />However, he had never discussed such a transaction with any funding source. <br />

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