Musk's "Funding Secured" May Constitute Securities Fraud -

Musk’s “Funding Secured” May Constitute Securities Fraud

Yesterday, Elon Musk Tweeted that he would take Tesla private and “funding was secured”. If false, he may be in trouble.

Am considering taking Tesla private at $420. Funding secured.

— Elon Musk (@elonmusk) August 7, 2018

“Funding Secured” is a material statement that can affect stock prices. It better be true.

The New York Times asks Did Elon Musk Violate Securities Laws With Tweet About Taking Tesla Private?

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