said 7 Aug 2018
Am considering taking Tesla private at $420. Funding secured.
False claim
reversed after 1m 22d
— Elon Musk, primary source
Tweeted mid trading day. Tesla stock spiked, trading was halted.
What happened: Funding was not secured. The SEC charged him with securities fraud; he settled for $20M and gave up the Tesla chairman seat.
due 7 Aug 2018 · resolved 29 Sep 2018
Receipt · archived original Tweet, Aug 7 2018 (12:48 EDT); SEC settlement, Sep 29 2018 twitter.com · captured 9 Aug 2018 · web.archive.org (opens in a new tab)