By Sam Brunson

In the beginning of August, Elon Musk tweeted that he had secured financing to take Tesla private at $420 per share. It turned out that he, um, hadn’t. In the meantime, though, his tweet moved the market; on the day of his tweet, Tesla shares closed up 11%.[fn1]

It wasn’t only investors who noticed the tweet, though. The SEC was watching, too. And on Thursday, the SEC charged Musk with securities fraud. In its complaint, the SEC requested that the court: Continue reading “Elon Musk, Tweets, Fines, and Deductibility” →