If the CEO of a publicly traded company were to tweet that they planned to take their company private, and said they had “funding secured,” you’d be forgiven for assuming that, well, they planned to take their company private and had secured funding to make it happen. “Not so fast,” argue Elon Musk’s lawyers, in response to being sued by Tesla investors over this tweet that the investors say caused them to lose millions.
“It isn’t clear what funding secured even means in a…
