tesla controversy: Elon Musk's tweet about considering taking Tesla private has landed him in hot water, but the SEC has yet to accuse him or his company of any wrongdoing, according to The Toronto Star. Patrick T. Fallon / Bloomberg At the center of the Tesla controversy is what Musk meant when he tweeted Aug. 7 that he had secured funding for a buyout without providing any specifics to back up the claim. History suggests it might take a while. Almost a week later he said his confidence was based on conversations with a Saudi Arabian sovereign wealth fund, which had long expressed interest in taking the electric-carmaker private. So it's an open-and-shut case of misleading investors that the SEC should be able to bring pretty quickly, right Not necessarily. Securities lawyers have said Musk's subsequent statement showed funding was anything but secure.
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