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SEC Sends Subpoena To Tesla In Probe Over Musk's Take-Private Tweets (bloomberg.com)
The U.S. Securities and Exchange Commission sent Tesla a subpoena regarding Elon Musk's effort to take the company private, "indicating the regulatory scrutiny of his statements have reached a more serious stage," reports Bloomberg. Last week, Musk tweeted he was considering taking Tesla off the market and had "funding secured" for the deal. From the report: Musk exposed himself to legal risk by tweeting Aug. 7 that he had the funding for a buyout. Almost a week later, the chief executive officer said the basis for his statement was conversations with Saudi Arabia's Public Investment Fund, which first expressed interest in helping take the company private in early 2017. Tesla's board has since clarified that it hasn't received a formal proposal from Musk, who's also chairman, nor has it concluded whether going private would be advisable or feasible. Tesla may face potential regulatory challenges beyond the SEC investigation. The company probably will need approval of U.S. national security officials if Saudi Arabia finances the effort to take the company private, and President Donald Trump's administration has been stepping up scrutiny of foreign investment in American technology.
That trader should return the favor and send Musk a pair of handcuffs.
Bitch, here on Slashdot, I am the very definition of a front-bencher. I got a motherfucking bench down in front all to myself. It's possible that nobody wants to sit near me, but nonetheless, the bench is in front. I'm like goddamn Jack Nicholson at a Lakers game up in here.
You are welcome on my lawn.
Protip: if you don't know whether the apostrophe should be there, just go 50:50.
Confucius say, "Find worm in apple - bad. Find half a worm - worse."
During the investigation, it will emerge that Elon had secretly changed his legal name to "Funding secured." He will argue those words were his signature, not an assertion of fact.