Elon Musk Scrapped SEC Settlement
- 6 years ago
Elon Musk had a settlement agreed with the Securities and Exchange Commission (SEC) but blew it up at the eleventh hour, The Wall Street Journal reports. The SEC is suing Musk and seeking to bar him from being an officer or director at any public company. The suit revolves around Musk's now infamous "funding secured" tweet in August when he toyed with the idea of taking Tesla private.