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
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...
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