Tesla to be examined by SEC over Elon Musk’s ‘funding secured’ tweet – report

Tesla to be examined by SEC over Elon Musk’s ‘funding secured’ tweet – report

– Edward Helmore in New York

Regulator reportedly investigating as pressure builds on Musk to show he has raised $70bn to take company private

Tesla is likely to face investigation by US securities market regulators following CEO Elon Musk’s extraordinary tweet that he had “funding secured” to take the company private, according to a media report.

Related: Elon Musk grumbles at short-sellers, but is private ownership right for Tesla? | Nils Pratley

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9th August 20186:24 pm