SEC Sues Tesla CEO Over Tweets Saying He Was Taking Company Private

(September 28, 2018, 1:59 PM EDT) -- NEW YORK — The U.S. Securities and Exchange Commission on Sept. 27 sued Tesla Inc. CEO Elon Musk in New York federal court, alleging that a series of social media posts Musk made in August stating that he was considering taking Tesla Inc. private violated federal securities law (U.S. Securities and Exchange Commission v. Elon Musk, No. 18-8865, S.D. N.Y.)....

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