Musk explains 'funding secured' but it's unlikely to get the SEC off his back

Musk explains 'funding secured' but it's unlikely to get the SEC off his back

Elon Musk, co-founder and chief executive officer of Tesla Motors Inc., speaks during a news conference in Tokyo, Japan. Photographer: Yuriko Nakao/ Bloomberg

Elon Musk is finally offering more details on his bombshell tweet that he had “funding secured” to take Tesla Inc. private. It’s unlikely to get U.S. regulators off his back.

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