US regulators sue Musk for fraud, seek removal from Tesla

US regulators sue Musk for fraud, seek removal from Tesla

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

U.S. securities regulators on Thursday accused Tesla Inc Chief Executive Elon Musk of fraud and sought to remove him from his role in charge of the electric car company, saying he made a series of “false and misleading” tweets about potentially taking Tesla private last month.

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