SEC v. Musk (funding secured) securities case

US District Court, Southern District of New York · 1:18-cv-08865 · filed Sep 27, 2018 · Settled

The SEC charged Musk with securities fraud over his August 2018 tweets that he had funding secured to take Tesla private.

The case

Plaintiffs: US Securities and Exchange Commission
Defendants: Elon Musk
Court: US District Court, Southern District of New York
Docket: 1:18-cv-08865
Filed: Sep 27, 2018
Status: Settled
Outcome: Musk and Tesla each paid a $20 million penalty and Musk stepped down as Tesla chairman.
Amount: $40 million

2 dated entries

Date	Entry	Type	Source
Sep 29, 2018	Settlement: Musk and Tesla settle SEC charges	Settlement	Link
Sep 27, 2018	Filing: Complaint filed: United States Securities and Exchange Commission v. Musk	Filing	Link

When	Case	Kind	Status	Filed
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May 20, 2027Motion Hearing in 8monext date	In re NVIDIA Corporation Securities LitigationMotion HearingActiveSecuritiesN.D. Cal.	Securities	Active	Dec 21, 2018
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Aug 22, 2025Filed 13mo agofiled	Liggett v. C3.aiDismissedSecuritiesN.D. Cal.	Securities	Dismissed	Aug 22, 2025

Caption and links

United States Securities and Exchange Commission v. Musk