Musk's "funding secured" tweet was incredibly irresponsible. Subsequent elaborations by Musk himself showed he had, at most, an initial expression of interest.

Musk's "funding secured" tweet was incredibly irresponsible. Subsequent elaborations by Musk himself showed he had, at most, an initial expression of interest. The tweet seems, at best, to be an impulsive, reckless, perplexing action. At worst, it's an emotional attempt to fend off, possibly even directly harm his many critics and short-sellers. This doesn't look good for him. This is the key part that makes it serious: > The subpoenas indicate senior SEC officials have authorized a formal investigation of the company, a step up from the initial inquiries the regulator made to Tesla last week. The SEC opens formal investigations when it thinks a violation of law has occurred and that a probe is justified given the nature of the suspected misconduct and the potential harm to investors. Unless Elon can suddenly show he had credible funding secured - contrary to the representation in his own blog post of last week - this looks like a very strong case for the SEC. Besides the SEC, which is a criminal investigation, there are also civil lawsuits filed in this case - three of them so far: https://www.businessinsider.com/tesla-hit-with-new-lawsuit-alleging-elon-musk-manipulated-stock-price-2018-8 https://www.businessinsider.com/tesla-hit-with-new-lawsuit-a...