Published on 7 Aug 2018
Musk issued a string of tweets about possibly taking the company private at $420 a share. Later, the company issued a blog post that said a final decision had not yet been made. Tesla's market value at $420 a share would be about $71 billion.
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Harvey Pitt, former SEC chairman, discusses the circumstances under which Elon Musk's tweet about potentially taking Tesla private would qualify as market manipulation and securities fraud.
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