‘Save Elon’ store raises funds for Elon Musk after SEC filing

Elon Musk.
Max
Whittaker/Getty Images

• Someone launched a website selling merchandise to raise money
  for Tesla CEO Elon Musk after he was sued by the SEC.
• The Shopify store sells tote bags, bathing suits, T-shirts
  and coffee mugs all with the goal to “Save Elon from the SEC.”
• The SEC filed charges against Musk on Thursday alleging that
  he made “false and misleading statements” about Tesla in August.

A site selling “Save Elon” merchandise has been launched to raise
awareness for Tesla CEO Elon Musk’s
lawsuit with the Security Exchange Commission. 

The Shopify store sells
tote bags, bathing suits, T-shirts and coffee mugs all with the
goal to “Save Elon from the SEC.”

A bathing suit on the site sells for $69, while a tote bag can be
bought for $25, and a T-shirt for $26. Baby onesies sell for $32.

It remains unknown who started the shop, or if funds made from
selling the products will help cover billionaire Musk’s defense
fund. 

The founder’s description for the site says they want to “help
Elon Musk with this preposterous SEC filing against him.”

“By purchasing these products, we vow to spread the word, to
rise up and shout for what is right! As citizens of planet earth,
we must show our support for innovation, for attempting to
create a positive future, and for our fearless change agent of
the world, Elon Musk,” the shop description says.

The SEC filed charges against Musk on Thursday, claiming the
Tesla CEO made “false and misleading statements” about Tesla in
August,
when he told his followers his plan to take his electric-car
company private at $420 a share.

Tesla shares fell as much as 11% in after-hours trading following
the tweets.

Now, the SEC wants to bar Musk from being an officer or director
of a public company.

Musk said in a company statement to Business Insider that he was
“deeply saddened and disappointed” by the lawsuit, which he
called “unjustified.”

Get the latest Tesla stock price here.