Thursday April 9, 2020

Drama turns to crisis as SEC sues for fraud

It looks like Elon Musk’s penchant for low-end theatrical gestures could scupper him in the end, writes Emmet Ryan

Emmet Ryan

Technology Correspondent

30th September, 2018

The tide may be finally turning for Elon Musk as the US Securities and Exchange Commission (SEC) has filed fraud charges against the entrepreneur.

The charges stem from a tweet he sent in August saying he was considering taking Tesla, his troubled electric car business, private with Saudi investment.

The specific tweet –“Am taking Tesla private at $420. Funding secured”– was redolent of the billionaire’s habit of trying to divert attention whenever something controversial is...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader



Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.



€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.




90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Related Stories

Daily figures on the spread of coronavirus come with pros, cons and caveats. Here’s how they are compiled – and what to watch out for

Rachel Lavin | 3 hours ago

Most policies don’t include pandemics, so the government may be forced to step into the breach to share the burden, experts say

Peter O'Dwyer | 2 weeks ago

The Covid-19 outbreak has highlighted the importance of public health medicine, but the service is badly in need of reform

Priscilla Lynch | 2 weeks ago