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.