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Elon Musk. Photo: Wikimedia Commons

Billionaire Elon Musk’s boasts on Twitter that he had “funding secured” to take his electric vehicle company Tesla private—made after believing himself the target of unfair practices by short-selling traders—has landed him in hot water with federal regulators and it could lead to his departure from top positions at any of his publicly traded companies.

Colby Hamilton

B. Colby Hamilton is a litigation reporter for the New York Law Journal and Law.com.

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