WELCOME

The report from the Wall Street Journal was first reported

Nov. 22, 2018 by Elizabeth Duran

The report from the Wall Street Journal was first reported by the Wall Street Journal.

If Elon Musk is correct, he made a major mistake when he tweeted about the price of Tesla stock on Tuesday.

The SEC is investigating whether Musk broke federal law on Tuesday when he tweeted about plans to take Tesla private at a price of $420 per share, The Wall Street Journal is reporting.

The SEC is investigating whether Musk broke federal law on Tuesday when he tweeted about plans to take Tesla private at a price of $420, The Wall Street Journal is reporting.

"If Elon Musk is correct, he made a major mistake when he tweeted about the price of Tesla stock on Tuesday. The SEC says this could be a serious violation," SEC Senior Counsel John Storrs said in the statement.

That's not the first time Musk has gone after Elon Musk. On May 12, he tweeted that he "did not understand and did not understand" how "the U.S. government is going to take over" the electric car maker.

When asked by Bloomberg News if the SEC is investigating his tweets, Musk replied: "I don't know. I didn't understand them."

But he has also been a vocal opponent of the federal government's regulatory approach to electric cars. Last year, the SEC took up Tesla's case with the Justice Department, and after the company issued a public settlement with the feds, it issued some financial advice on how to deal with Musk's $420.

On May 22, Musk tweeted: "What better way to end our government's regulatory crackdown than to take our cars to the DMV and say 'We're going to go the next steps to become the country's first fully electric car company?'"

When Bloomberg News reached out to Musk for comment about the allegations, he responded that he was unaware of any wrongdoing by Tesla.

"I haven't heard back from Tesla or the Tesla team," Musk told Bloomberg News.

Tesla has said it's already taken steps to ensure the safety of its cars, including a full recall program, and is working with regulators to remove an estimated 12,000 of its existing battery packs, according to the latest Tesla data. That's far from what the company is hoping for, but it's still good news for Tesla.