DETROIT (AP) — U.S. securities regulators have filed a complaint against Tesla CEO Elon Musk alleging that he made false and misleading statements about plans to take the company private in August. The Securities and Exchange Commission says in the complaint filed Thursday that Musk falsely claimed in an Aug. 7 statement on Twitter that funding was secured to take the company private at $420 per share. The complaint filed in the U.S. District Court in Manhattan says that Musk had not discussed or confirmed key deal terms including price with any funding source. The commission is asking the court for an order stopping him from making false and misleading statements along with repayment of any gains as well as civil penalties. A message was left Thursday seeking comment from Tesla. — The Associated Press
- Will Tesla CEO Elon Musk fix Flint water?
- Tesla’s Elon Musk is out as chairman after settles with SEC
- Tesla’s Elon Musk settles with SEC, to pay $20 million fine
- Tesla's Elon Musk tweets he is considering taking the carmaker private
- DOJ Reportedly Opening Investigation Into Tesla After Elon Musk Floats Company Privatization
- How Tesla's Elon Musk shows superstar bet still carries risk
- Is Tesla's Elon Musk wrong about this key self-driving technology?
- Elon Musk: 'I want to be clear — I do not respect the SEC' (TSLA)
- This is the 'couch' Elon Musk sleeps on when he works late at Tesla, and the Internet is aghast
- The British diver from the Thai cave rescue whom Elon Musk called a 'pedo' is considering suing the billionaire
SEC alleges Tesla CEO Elon Musk made false statements about taking company private have 265 words, post on www.oregonlive.com at September 27, 2018. This is cached page on Law Breaking News. If you want remove this page, please contact us.