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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