Elon Musk speaking at an event. Photo: Diego Donamaria/Getty Images

Elon Musk has been active on Twitter over the last week and has twice tweeted out misinformation about Tesla and its financial state.

Why it matters: Tesla was already under the microscope following a subpar second quarter, and Musk's latest tweets are not relieving any pressure for the company. Since sending the tweets, he has been charged with securities fraud in a class-action lawsuit and continues to be investigated by federal securities regulators.

The backdrop: Last week, Musk tweeted he was thinking of taking Tesla private and already had the funding secured — while sharing very little details with his shareholders, employees or the media.

  • Musk later admitted the funding he claimed was secured was based off of an interest from a Saudi sovereign wealth fund and was not yet official.
  • His tweet resulted in a class-action lawsuit being filed against Musk on behalf of Tesla shareholders, charging him with securities fraud.

On Tuesday, Musk tweeted factually incorrect information saying he was "excited" to work with Goldman Sachs and Silver Lake as financial advisors for Tesla, when neither one officially signed an agreement with Musk to do so.

  • It was previously reported at Bloomberg and the Wall Street Journal that Tesla and Goldman Sachs were in negotiations, but nothing was made official.

The big picture: Some have questioned Tesla's financial standing in recent months because of slow sales for the Model 3 car Musk promised consumers. The company also had a lackluster 2nd quarter, which caused Musk to consider going private.

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What China's uneven recovery means for the U.S.

China and much of Southeast Asia look to be bouncing back strongly from the coronavirus pandemic as stock markets and much of the country's economic data are returning to pre-pandemic levels.

What's happening: "Our tracking points to a clear V-shaped recovery in China," economists at the Institute of International Finance said in a note to clients Tuesday, predicting the country's second-quarter growth will rise above 2% after its worst quarter on record in Q1.

Chief Justice John Roberts was hospitalized in June after fall

Chief Justice John Roberts overseeing the Senate impeachment trial of President Trump. Photo: Senate Television via Getty Images

Chief Justice John Roberts was hospitalized overnight after a fall on June 21, a Supreme Court spokesperson confirmed to the Washington Post on Tuesday.

Why it matters: Speculation regarding justices' health — given their lifetime appointments — always runs rampant, and this incident may have not been made public if the Post hadn't "received a tip."

Congress vs. tech's gang of four

Illustration: Sarah Grillo/Axios

The CEOs of tech's four leading giants will defend their industry's growing concentration of power from critics on both right and left who view them as monopolists when they testify, most likely virtually, before Congress on July 27.

Why it matters: The joint appearance by Facebook's Mark Zuckerberg, Apple's Tim Cook, Amazon's Jeff Bezos and Google's Sundar Pichai will mark a historic collision between the leaders of an industry that has changed the world and political leaders who believe those changes have harmed democracy and individual rights.