Elon Musk being investigated for fraudulent tweet, could face criminal lawsuits
Image Credit: Shortpedia
The US Department of Justice's inquiry into a tweet, seen as a market manipulation, could lead to criminal charges against Tesla CEO Elon Musk. Musk had tweeted on August 7th that he had 'funding secured' and was thinking about taking Tesla private. However, he later announced that Tesla will remain public when the deal collapsed. Tesla is facing at least three investor lawsuits due to this tweet.