Documents filed in a Manhattan federal court Thursday reveal the U.S. Securities and Exchange Commission is suing Tesla CEO Elon Musk for fraud. The SEC opened an investigation into Musk after the CEO fatefully tweeted his intent to take the company private. “Funding secured,” Musk wrote in the August 7th tweet. The go-private plan quickly […]
The post Forget the British Diver, Here’s Real Trouble – SEC Hits Elon Musk With Fraud Suit appeared first on The Truth About Cars.