Elon Musk Sued by S.E.C

Elon Musk, quoted in a New York Times article from Auguest this year by David Gelles, James B. Stewart, Jessica Sliver-Greenberg and Kate Kelly.

“There were times when I didn’t leave the factory for three or four days — days when I didn’t go outside,” he said. “This has really come at the expense of seeing my kids. And seeing friends.”

There seems to be a strong possibility that Elon Musk could add “…and losing my company” to that list.

Mathew Goldstein and Emily Flitter write for The New York Times that Musk is being sued the S.E.C:

“Elon Musk, Tesla’s chief executive, was accused by federal regulators on Thursday of misleading investors with false public statements, a move that could force him out of the company’s leadership.”

Update: Elon Musk and the S.E.C have settled. Details of the settlement can be found here. Amongst other things, Musk will step down as chairman.