Adding that he already had the funding surely made some investors jump to conclusions
Adding that he already had the funding surely made some investors jump to conclusions but Musk never ended up taking Tesla private. It should come as no surprise that some investors got burned in a big way, and they blamed Musk's tweet for their misfortunate . The US Securities and Exchange Commission (SEC) got involved as they have with Musk many times over the years, and the matter was set to go to court. The SEC ruled that Musk was exaggerating his intentions and that it worked to mislead investors, especially since he claimed he already had the massive funding secured for the potential transaction. Musk wasn't happy with the SEC and actually went so far as to mock them and suggest that they were part of the problem. The CEO has made it clear on many occasions that he's unhappy with the long list of people shorting Tesla, but not because they're shorting the stock, but rather because some of them are seemingly part of a campaign to disseminate false ba...