The Misleading Tweet
Los Angeles, California, United States
In September 2018, Musk was sued by the U.S. Securities and Exchange Commission (SEC) for a tweet claiming that funding had been secured for potentially taking Tesla private. The lawsuit claimed that verbal discussions Musk held with foreign investors in July 2018 did not confirm key deal terms and thus characterized the tweet as false, misleading, and damaging to investors, and sought to bar Musk from serving as CEO on publicly traded companies. Musk called the allegations unjustified and that he had never compromised his integrity.