SEC sends subpoena to Tesla in probe over Musk tweets

Perhaps we are seeing why a bunch of Musk’s senior team quit on him a while ago.

Tesla is connected politically and it enjoys taxpayer financed subsidies. It is solidly within the crony fold. But even Musk must watch for landmines and he may have just stepped on one squarely.

(From Market Watch)

The Wall Street Journal previously reported that the SEC has made preliminary inquires about Musk’s basis for writing on Twitter last week that he had “funding secured” to take Tesla private. The SEC inquiry could become a formal investigation if officials believe a violation of law occurred and that Musk’s conduct caused investor losses, the Journal reported.

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