This One Tweet By Elon Musk Could Land Him In Prison!

Submitted by MAGA Student

Posted 11 days ago

Tesla and SpaceX CEO, Elon Musk may be in trouble with the Securities and Exchange Commission (SEC) for a tweet he posted claiming he was considering taking Tesla private.

As reported by thehill.com
The Securities and Exchange Commission (SEC) has inquired with Tesla about CEO Elon Musk's tweets regarding his plans to take the company private, The Wall Street Journal reported Wednesday.

Trading on the company's stock was halted Tuesday after Musk tweeted that he was considering taking Tesla private.


The Journal reported that the securities regulator is looking into the legitimacy of Musk's comments, and why he made the disclosure on Twitter instead of through a formal filing.

"Am considering taking Tesla private at $420. Funding secured," Musk tweeted Tuesday afternoon, initially offering little context.

https://twitter.com/elonmusk/status/1026894228541071360?s=21


Former SEC Chairman Harvey Pitt told CNBC on Wednesday that Musk could face criminal and civil penalties if investigators find he did not secure funding prior to the time of his tweet.


What are your thoughts? Please share and comment with your opinions.

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Anonymous 7f7a1b 11 days ago (report)

I do not get it.. Why?

    jevirdan 11 days ago (report)

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Anonymous 7f7a1b 11 days ago (report)

But he is Genius !! Right ?

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ClaraIDavis 11 days ago (report)

The Journal reported that the securities regulator is looking into the legitimacy of Musk's comments, and why he made the disclosure on Twitter instead of through a formal filing.Hay just check this out for reallity..................http://x11.pw/44xp

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Anonymous f66e37 11 days ago (report)

😮

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