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Friday, September 28, 2018

U.S. regulators sue Tesla's Musk for fraud, seek to bar him as officer

By Jonathan Stempel NEW YORK (Reuters) - U.S. securities regulators on Thursday accused Tesla Inc Chief Executive Elon Musk of fraud and sought to ban him as an officer of a public company, saying he made a series of "false and misleading" tweets about potentially taking the electric car company private last month. Musk, 47, is one of the highest-profile tech executives to be accused of fraud by the Securities and Exchange Commission

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