sec whistleblower attorneys
September 29, 2018
Tesla Inc., Elon Musk
Market Manipulation
SANCTION AMOUNT: $40000000
Defendants: Tesla Inc.
Elon Musk
Settlement of charges arising out of a tweet by Musk, CEO of Tesla, that he could take the company private at $420 per share — a substantial premium to its trading price at the time — and that funding for the transaction had been secured. The Commission alleged that Musk's tweet was misleading/false.
- Key Docs
- Official SEC press release
