Tesla CEO Elon Musk Not Guilty Related To '420' Case via insideevs.com
private at $420. The fact that he was simply"considering" the possibility really wasn't an issue in the first place, since he never said he was doing it for sure. However, he did add the famous words,"Funding secured."
The SEC ruled that Musk was exaggerating his intentions and that it worked to mislead investors, especially since he claimed he already had the massive funding secured for the potential transaction.
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