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Thursday, September 27, 2018

SEC sues Tesla CEO Elon Musk for lying about funding, seeks to bar him from running Tesla

Elon Musk at Tesla Model 3 revealNote to readers: This story has been updated from its original version with comment from Musk. Federal regulators said Thursday that Tesla CEO Elon Musk intentionally misled investors last month when he tweeted that he had "funding secured" to buy back millions of dollars in shares. The Securities and Exchange Commission additionally asked a judge...

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