https://medium.com/bloomberg/teslas-board-backs-musk-as-sec-sues-seeks-ouster-over-tweets-501e5e4fe9fd

By Matt Robinson and Benjamin Bain

Tesla Inc.’s board backed embattled Chief Executive Officer Elon Musk after the Securities and Exchange Commission sued the billionaire for his explosive August tweet about a buyout of the electric-car company he founded. The shares fell 10 percent in pre-market trading.