The SEC filed an action at the Manhattan District Court, according to which Musk deceived investors with a series of false and misleading messages.
On August 7, Elon Musk announced in a Twitter post that he would privatize the currently listed company and would take him out of the stock market at $ 420, with the necessary capital. However, the SEC was not willing to disclose where, from where it covered the acquisition of company shares.
After Musk's announcement, the value of Tesla's shares began to soar, but it soon fell when it turned out that there was no cover for privatization, and the Tesla leader said he had changed his mind. American pages then guessed Chinese investors or investors in the background.