US government sues Elon Musk, may be removed as Tesla boss

The US Securities and Exchange Commission (SEC) has filed a lawsuit against Elon Musk, CEO and chairman of Tesla, accusing him of fraud over tweets and statements he made in early August claiming he had secured funding to take the electric car maker private. According to the SEC, the Tesla CEO "had not discussed specific deal terms with any potential financing partners, and ... allegedly knew that the potential transaction was uncertain and subject to numerous contingencies".