Tesla faces inquiry from SEC: Report

Tesla CEO Elon
Musk
Lucy Nicholson /
Reuters

The Securities and Exchange Commission launched an inquiry into
Tesla about whether one of Elon Musk’s tweets regarding taking
the company private was truthful,
The Wall Street Journal reports. 

Musk went rogue on Twitter Tuesday saying that he was
considering taking
Tesla private for $420 per share and that
he had “funding secured.”

No details about funding have been disclosed, though. And
according to a statement
from Musk posted after his tweets, no final
decision has been made. 

This is a developing story. Check back for updates.