August 7, 2018: “Am considering taking Tesla private at $420. Funding secured.”
October 4, 2018: “Just want to [word missing in original] that the Shortseller Enrichment Commission is doing incredible work. And the name change is so on point!”
In between these two tweets, Tesla saw its stock price soar to nearly $380 per share and then give back roughly $125 of that amount. Both Musk and Tesla agreed to settle SEC charges based on fraud (Musk) and for failure to implement disclosure controls or procedures concerning information tweeted by Musk (Tesla). The settlement calls for Musk to step down ...
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