Tesla Inc. CEO Elon Musk shared on Thursday, during a TED talk session, that SEC made it seem that he was lying in regards to his ability to take Tesla private in 2018 and that he had to be untruthful in order to "save Tesla's life."
"The SEC knew that the funding was secured, but they pursued the active public investigation nonetheless," Musk asserted adding that he was "told by the bank that if I did not agree to settle with the SEC, they would cease providing working capital and Tesla would go bankrupt immediately."
He further underscored that he was "forced to concede to the SEC unlawfully" reiterating that he was "forced to lie."
