SEC reportedly ‘intensifying’ exam of Tesla after Elon Musk tweets

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elon musk
Tesla CEO Elon Musk has said he wants to take Tesla private.
Max Whittaker / Getty Images


The Securities and Exchange Commission is “intensifying” its inquiry into Tesla, Bloomberg reported Thursday, citing two people familiar with the matter.

The agency on Wednesday asked Tesla whether one of CEO Elon Musk’s tweets about the possibility of taking the company private was truthful, The Wall Street Journal reported.

According to The Journal, the SEC is also looking into why Musk’s first statement about the potential of taking Tesla private was made on Twitter instead of in a regulatory filing. The agency also asked the company whether it believes Musk’s tweet follows SEC rules about protecting investors, the report said.

Bloomberg reported that the agency had already been gathering information about statements Tesla has made…

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