Tesla stock slides after Elon Musk asks Twitter if he should sell 10 percent of his shares

In 2018, federal regulators charged Musk with securities fraud a few potential effort to take Tesla personal. The Securities and Change Fee alleged {that a} “sequence of false and deceptive tweets” precipitated Tesla’s inventory worth to leap greater than 6 p.c that day and considerably disrupted the market. Musk and Tesla in the end reached a settlement with the SEC, with every paying a $20 million penalty, and Musk having to relinquish his chairman title for 3 years.