The complaint hinges on a tweet Musk sent on August 7 about taking Tesla private. "Am considering taking Tesla private at $420," Musk said. Musk did not consult with any board members, employees or outside advisers before he sent the tweets, according to the SEC. Musk abandoned the plan to take Tesla private less than three weeks after he first tweeted about it. — Elon Musk (@elonmusk) August 7, 2018The Justice Department is also investigating comments made by Musk, Tesla said last week.

Source: CNN September 27, 2018 20:20 UTC