Fraud is a material misstatement of fact to induce someone to do something. It's really not clear that there's any actual inducement here; this isn't exactly th

Fraud is a material misstatement of fact to induce someone to do something. It's really not clear that there's any actual inducement here; this isn't exactly the centerpoint of a pitch video to investors. (As it turns out, Tesla's stock went down like 9% the next day after the event, with most of the analysts' reactions to the announcement essentially being "okay, so he doesn't really have anything that he wasn't already pitching").