U.S. SEC subpoenas Tesla over Musk's tweets
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- United States
The U.S. Securities and Exchange Commission has sent subpoenas to Tesla Inc regarding its privatization plans and Chief Executive Officer Elon Musk's statement "funding secured", Fox News tweeted.
The electric car maker's shares fell 4 percent to $333.33.
Musk said on Twitter early last week he was considering taking Tesla private at $420 per share.
Tesla declined to comment, while the SEC was not immediately available for comment.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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