Musk takes swipe at SEC on heels of fraud settlement
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October 5, 2018
SAN FRANCISCO (AP) — Elon Musk is taunting the government regulators who threatened to oust him as CEO of electric carmaker Tesla just days after he settled a case alleging he duped investors.
Musk used his Twitter account to jab the Securities and Exchange Commission, the same agency that went after him for an Aug. 7 tweet in which he declared he had secured financing for a Tesla buyout. The SEC alleged that Musk hadn't locked up the estimated $25 billion to $50 billion that it would have required to pull off that deal, and wanted to punish him by forcing him out as Tesla's CEO.
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