U.S. SEC sues Tesla CEO Musk, alleges fraud over tweets - Dealers Care

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Friday, 28 September 2018

U.S. SEC sues Tesla CEO Musk, alleges fraud over tweets

NEW YORK (Reuters) - The U.S. Securities and Exchange Commission on Thursday sued Tesla Inc Chief Executive Elon Musk, accusing him of securities fraud for making a series of "false and misleading" tweets about potentially taking the electric car company private. In a complaint filed in Manhattan federal court, the SEC said Musk "knew or was reckless in not knowing" that he was misleading investors on Aug

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