SEC is reportedly investigating whether the Tesla CEO’s tweets about going private may have violated US securities law

The US’s top financial watchdog has reportedly sent subpoenas to Tesla regarding chief executive Elon Musk’s plans to take the company private.

Fox Business Network reported on Wednesday, citing sources, that the Securities and Exchange Commission (SEC) is formally investigating Musk’s recent tweets that he had “secured” funding to take the troubled electric vehicle company private.

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