Tesla CEO Elon Musk Charged with Securities Fraud for Misleading Tweets

Posted on 09/28/2018


On September 27, 2018, the U.S. Securities and Exchange Commission (SEC) charged Elon Musk, CEO and Chairman of Tesla Inc., with securities fraud for a series of false and misleading tweets about a potential transaction to take Tesla private. Musk made the infamous “Funding Secured” tweet, which jolted its stock in the U.S. equity markets. […]