Musk Twitter Poll Sidesteps Legal Risks of ‘Funding Secured’ (1)

It was classic Elon Musk: Take advantage of the weekend --when markets are closed -- and create an attention-grabbing Twitter poll about whether the CEO should sell 10% of his formidable stake in Tesla Inc.

But this time, Musk is unlikely to incur the wrath of regulators with the U.S. Securities and Exchange Commission, in contrast to his infamous “funding secured” tweet in August 2018 about taking the electric-car maker private.

Musk has been telegraphing a potential stock sale because of taxes for months. Even though Tesla shares as dropped about 4.9% in Monday trading, Musk’s tweets ...