Wednesday, August 15, 2018

Your Boy's In Trouble, Grimes

Better come for him.

The SEC has served Tesla with a subpoena after CEO Elon Musk tweeted that he was considering taking the company private and that he had the necessary funding lined up, according to a report by the New York Times published Wednesday.

Earlier reports said the agency had intensified earlier scrutiny of the automaker after the controversial tweet. A subpoena would be one of the first steps in a formal inquiry.