The SEC Is Suing Elon Musk (It’s the Tweets)

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In a lawsuit filed Thursday, the SEC alleges that Elon Musk made “false and misleading statements” as the head of a public company in a series of August tweets about taking Tesla private. “Am considering taking Tesla private at $420,” the CEO wrote on August 7, around 1 pm. “Funding secured.” The company’s stock shot …

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