The U.S. Securities and Exchange Commission (SEC) is suing Elon Musk for fraud.
The SEC complaint alleges that Elon Musk issued “false and misleading” statements and failed to properly notify regulators of material company events.
The SEC is seeking to bar Musk from serving as an officer or director of a publicly traded company if found guilty.
Musk called the allegations “unjustified” and said he “never compromised” his integrity.
Am considering taking Tesla private at $420. Funding secured.
— Elon Musk (@elonmusk) August 7, 2018
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