Elon Musk Is Getting Sued by the SEC Over His ‘Funding Secured’ Tweet

(Bloomberg) — Tesla Inc. Chief Executive Officer Elon Musk was accused by the Securities and Exchange Commission of misleading investors when he tweeted that he was “virtually certain” he could take the company private if he wanted to.

https://twitter.com/elonmusk/status/1026872652290379776

In a lawsuit filed Thursday in Manhattan federal court, the agency accused Musk of making a series of false and misleading statements in August.