Musk hit with 3rd lawsuit over 'funding secured' tweet
Tesla CEO Elon Musk is facing another lawsuit from an investor who alleged his tweets on taking the company private with 'funding secured' claims were an "ill-conceived attempt to manipulate Tesla stock price" and punish short-sellers. Two short-sellers earlier filed lawsuits against Musk and Tesla, calling the tweets "fraudulent". The SEC is probing whether his tweets violated fair disclosure rules.