https://techcrunch.com/2018/09/27/tesla-ceo-elon-musk-responds-to-sec-securities-fraud-charges/ > Tesla CEO Elon Musk described fraud charges filed Thursday by the U.S. Securities and Exchange Commission an “unjustified action” that has left him “deeply saddened and disappointed” in a statement sent to TechCrunch. > The SEC alleges in a complaint filed against the CEO and Tesla that Musk lied when he tweeted on August 7 that he had “funding secured” for a takeover of the company at $420 per share. The SEC complaint, filed in federal district court in the Southern District of New York, identified the tweets as “false as misleading.”