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SEC probes Musk’s tweets about possible Tesla buyout

The regulator is examining whether Elon Musk’s statement was truthful and why the disclosure was made on Twitter

SpaceX, Tesla and The Boring Company founder Elon Musk
SpaceX, Tesla and The Boring Company founder Elon Musk Photo: Getty Images

US regulators are asking Tesla whether chief executive Elon Musk was truthful when he tweeted that he had secured funding for what would be the largest-ever corporate buyout, people familiar with the matter said.

Officials at the Securities and Exchange Commission want to know whether Musk had a factual basis for tweeting Tuesday that the going-private transaction was all but certain, with only a shareholder vote needed to pull it off, the people said.

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