After SEC fraud charge, Tesla board is 'fully confident in Elon.'

Fri, 09/28/2018 - 8:35pm

The Securities and Exchange Commission charged Elon Musk with fraud on Thursday, alleging that the Tesla chief executive's tweets about taking the electric-car company private at $420 a share were “false and misleading.” It asked a federal court to force Musk out of Tesla’s leadership and ban him from running any public company.