SEC looking into Tesla after Elon Musk's tweets, reports say

SEC looking into Tesla after Elon Musk's tweets, reports say

6 years ago
Anonymous $oIHRkISgaL

https://www.cnet.com/roadshow/news/sec-inquiry-tesla-elon-musk-tweets-report/

Yesterday, Tesla CEO Elon Musk tweeted about potentially taking his company private again to expand long-term planning and, probably, to "own the shorts." But he might have moved a little too fast for the tastes of federal regulators.

The US Securities and Exchange Commission has made inquiries into Tesla in the wake of Musk's tweets, The Wall Street Journal reports. According to the WSJ report, as well as others slowly trickling out of Twitter's financial corner, the SEC is looking into whether or not Musk was telling the truth when he said he'd already secured financing to take the company public. If he was lying or embellishing, that could get him in big trouble with the feds.

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