Elon Musk's SEC Settlement Could Have Gone So Much Worse

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In early August, Tesla CEO Elon Musk posted a fateful tweet: “Am considering taking Tesla public at $420. Funding secured.” On Saturday, two days after the US Securities and Exchange Commission filed a lawsuit against Tesla CEO Elon Musk for “false and misleading” statements made on Twitter, Musk, Tesla, and the feds reached a compromise—a settlement.

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