Yesterday, Elon Musk Tweeted that he would take Tesla private and “funding was secured”. If false, he may be in trouble.

Am considering taking Tesla private at $420. Funding secured.

— Elon Musk (@elonmusk) August 7, 2018

“Funding Secured” is a material statement that can affect stock prices. It better be true.

The New York Times asks Did Elon Musk Violate Securities Laws With Tweet About Taking Tesla Private?