Elon Musk could be in big trouble… yet again.
Musk, the co-founder and CEO of Tesla, was recently in the headlines for all the wrong reasons when he labelled a hero diver from the Thai cave rescue a “pedo” on Twitter.
It now seems as though Musk could be in trouble again over what he’s been up to on Twitter.
Musk used Twitter to announce on August 7 his alleged plans to take the company private, and went on to say that funding had been “secured” for this major move.
In the interim, Musk has not been able to publicly clarified where this funding is coming from.
Also on Twitter, Musk had said that those who owned shares in Tesla would be bought out at $420 per share, leading to an 11% bump in the price of Tesla stocks.
The US Securities and Exchange Commission has now subpoenaed Musk to answer questions, which could form the beginnings of a market manipulation case against him — if he is found to have misled the public over whether or not funding had indeed been secured in order to enable him to take the company private.
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