Specifically the section on "funding secured". Any reasonable person would interpret that as Musk having a term sheet in hand. This sounds more like "funding potentially interested".
Especially since he later claimed: "Only reason why this is not certain is that it’s contingent on a shareholder vote."
I guess the SEC prefers companies to make formal filings instead of tweets followed by FAQs to avoid this kind of confusion and subsequent litigation.
Exactly. Reading closely, it seems that funding was not secured at all when Musk posted his Tweet.
Also, I'm reading that major shareholders were not aware of the information that Musk was basing his Tweet on. I can imagine that they are not amused.
I dont believe what comes out of Elon's mouth anymore.