The SEC is investigating whether recent stock sales by Tesla CEO Elon Musk and his brother violate insider trading rules. The shares in question were sold a day before Musk polled Twitter users asking if he should offload 10% of his stake in the company.
The SEC issued a subpoena on Nov. 16th seeking information related to some financial data. Elon says his brother did not know about the poll and sees the investigation as another act in a series of harassment due to him being an outspoken critic of the government.
Telling it like it is - “We’re the government, we don't believe in coincidences.”