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  • The Atlantic

    Finance Law Isn’t Ready for Elon Musk

    The Department of Justice has opened a criminal investigation into the Tesla founder, but there’s no precedent for him, or his tweets.
    by Alexis C. Madrigal Sep 19, 2018 3 minutes
    Source: Bobby Yip / Reuters

    The Department of Justice has begun an investigation of Tesla, the company confirmed to Bloomberg, following the revelation of an earlier SEC probe. The total scope of the inquiry is unclear, but one obvious place to look is Elon Musk’s August 7 tweet about taking the company private: “Am considering taking Tesla private at $420. Funding secured.”

    A review of Department of Justice prosecutions of CEOs for stock manipulation or financial fraud reveals that the agency

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