On the SEC investigation into Tesla and the potential ‘this is fraud’

Tesla CEO Elon Musk's tweets about Tesla's going private have provoked an investigation by the Securities and Exchange Commission. The SEC is looking to determine whether the information provided by Musk was truthful and to determine why the tweets were made. Given the existence of Tesla's convertible bonds that are due in February and convert at $360 a share -- just above the level where shares closed yesterday, this is a serious matter.
Former SEC attorney sees foul play

Am considering taking Tesla private at $420. Funding secured.
— Elon Musk (@elonmusk) August 7, 2018

Good morning 😀
— Elon Musk (@elonmusk) August 7, 2018

My hope is *all* current investors remain with Tesla even if we’re private. Would create special purpose fund enabling anyone to stay with Tesla. Already do this wi...


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