Elon’s High-Stakes Dance with the SEC

August 7, 2018, marked the inception of Elon’s enthralling dance with the SEC. With a mere tweet, he sent shockwaves through the financial world, declaring he had “secured funding” to privatize Tesla at an astonishing $420 per share. The stock soared 10%, triggering a trading frenzy before a halt.

On August 13, Elon tantalized with details of potential backers, including Saudi Arabia’s sovereign wealth fund. Yet doubts emerged as he backtracked on the assured funding. This gripping saga unfolded, captivating audiences worldwide, as Tesla’s fate intertwined with regulatory twists and unforeseen obstacles.

Next: Courting legal trouble.