Elon Musk reportedly almost avoided a federal lawsuit — but then backed out
https://www.vox.com/business-and-finance/2018/9/29/17917544/tesla-elon-musk-securities-fraud-tweet
Tesla shareholders and the board are still sticking by him, at least for now.
The Securities and Exchange Commission this week announced that it was suing Tesla chairman and CEO Elon Musk over his now-infamous August tweets that he had secured funding to take the electric carmaker private. According to a new report, the federal government’s lawsuit was almost avoided — but Musk backed out of the deal.