The Securities and Exchange Commission sued Tesla CEO Elon Musk for securities fraud Thursday over his Aug. 7 tweet when he announced he had "funding secured" to take Tesla private. In the complaint, filed in federal court in Manhattan, the SEC said Musk made "'false and misleading public statements and omissions" that harmed investors. The suit... SEC sues Tesla CEO Elon Musk over going-private tweet
The Securities and Exchange Commission sued Tesla CEO Elon Musk for securities fraud Thursday over his Aug. 7 tweet when he announced he had "funding secured" to take Tesla private. In the complaint, filed in federal court in Manhattan, the SEC said Musk made "'false and misleading public statements and omissions" that harmed investors. The suit...