August 7, 2018Lawsuittesla

SEC charges related to '420 funding secured' tweet

The SEC charges Musk with securities fraud over the August 7 tweet claiming funding was secured for a Tesla buyout at $420/share. The charge is resolved with a $40M settlement and governance changes.

Tweets from this moment

“Am considering taking Tesla private at $420. Funding secured.”

Aug 7, 2018Viral215.0K likes

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"Funding secured" tweet causes SEC lawsuit

2018-08-07

Musk and Tesla settle with SEC

2018-09-29