U.S. regulators sue Musk for fraud, seek to remove him from Tesla

By Jonathan Stempel and Alexandria Sage NEW YORK/SAN FRANCISCO (Reuters) - U.S. securities regulators on Thursday accused Tesla Inc Chief Executive Elon Musk of fraud and sought to remove him from his role in charge of the electric car company, saying he made a series of "false and misleading" tweets about potentially taking Tesla private last month. Musk, 47, is one of the highest-profile tech executives to be accused of fraud by the Securities and Exchange Commission

from Latest News Business on Firstpost https://ift.tt/2OUDU0b