Elon Musk sued by SEC over Tesla take-private claims
By Richard Waters in San Francisco
Elon Musk’s continued leadership at Tesla was thrown into doubt on Thursday as US regulators sued him over his claims last month that he was close to a buyout of the electric car maker.
The Securities and Exchange Commission filed a fraud complaint in the federal court in Manhattan alleging that the Tesla chief executive made “false and misleading statements” when he made the claims in an impromptu series of tweets.