Tesla shares drop after SEC charges CEO Elon Musk with fraud
Tesla shares dropped more than 13% in after-hours trading on Thursday after the US Securities and Exchange Commission sued CEO Elon Musk for fraud. The SEC alleged that Musk made a series of "false and misleading" tweets about taking Tesla private. The tweets led to âsignificant market disruption,â it said, seeking to remove Musk from the electric car company. 