US regulators charge Tesla CEO Elon Musk with fraud
Washington, Sep 28 (AFP) The US Securities and Exchange Commission on Thursday charged Tesla CEO Elon Musk with securities fraud, alleging he misled investors last month in tweets about taking the company private.
Musk tweeted August 7 that he had "funding secured" to privatise the electric automaker at USD 420 a share, causing a brief spike in Tesla's share price.
The SEC said Musk's statements on Twitter were "false and misleading" and that he had never discussed the plans with company officials or potential funders.
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