SEC seeks to oust Tesla CEO Elon Musk over go-private tweet
https://apnews.com/c55d668b4a494de7af28bc54c577ac32
DETROIT (AP) — U.S. securities regulators are asking a federal court to oust Tesla Inc.'s Elon Musk as chairman and CEO, alleging in a complaint that he committed securities fraud with false statements about plans to take the company private.
The Securities and Exchange Commission says in the complaint filed Thursday that Musk falsely claimed in an Aug. 7 statement on Twitter that funding was secured to go private at $420 per share, a substantial premium over the price at the time.
