Tesla Tumbles As Broader SEC Inquiry Revealed

tesla tumbles as broader sec inquiry revealed

Bloomberg reports that the U.S. Securities and Exchange Commission is intensifying its scrutiny of Tesla’s public statements in the wake of Elon Musk’s tweet Tuesday about taking the electric-car company private and stating that he had “funding secured”.

Additionally, SEC enforcement attorneys in the San Francisco office were already gathering general information about Tesla’s public pronouncements on manufacturing goals and sales targets, according to the people who asked not to be named because the review is private.

All the gains from yesterday’s exuberant tweet and headline-fest are gone.

Tesla Tumbles As Broader SEC Inquiry Revealed

We notice Musk is a little quieter than normal on Twitter today…

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