Five things to know about the SEC's complaint against Elon Musk
Updated : September 28, 2018 10:00 AM IST
The SEC conducted interviews confirming that Musk had been holding talks with a sovereign investment fund — identified by Tesla as Saudi Arabia's Public Investment Fund — dating back to January.
Musk floated the buyout price because 420 is slang for marijuana — a now legal drug in Tesla's home state of California.
After Tesla published Musk's blog post elaborating on his initial tweet, the company's head of investor relations continued to perpetuate the notion that Musk had locked up the financing for a deal that probably would have cost anywhere from $25 billion to $50 billion to pull off.
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