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The Securities Commission will verify information on the repurchase of Tesla shares

The Securities and Exchange Commission (SEC) will determine whether the statement of the head of Tesla Ilona Mask is true about his plans to buy out all of the company's shares. Office doubts that the businessman has enough financial resources for this. This is reported by The Wall Street Journal with reference to sources.
The SEC has already requested information from the company. In addition, the regulator is wondering why Mask did not file documents with the SEC, and instead announced his intention to buy back shares on Twitter, as well as whether the rights of shareholders were violated at the same time.
If it turns out that the head of Tesla simply shared information in the social network, it would mean that he did not break the law.
But if it turns out that the general director does not have enough funds to buy back shares of his company, this will give reason to believe that Musk manipulated the value of Tesla shares.
Recall, yesterday, August 8, Ilon Musk said on his page on Twitter that he wants to take the company out of the stock exchange and can redeem all of the company's shares at a price of 420 dollars apiece. It is reported that after the statement of businessman Tesla, shares rose 11%. The price of one share exceeded 379 dollars.