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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.

Go deeper

23 mins ago - Politics & Policy

Biden: "We will manage the hell out of" vaccine distribution

Joe Biden. Photo: Chip Somodevilla / Getty Images

President-elect Joe Biden promised to invoke the Defense Production Act to increase vaccine manufacturing, as he outlined a five-point plan to administer 100 million COVID-19 vaccinations in the first months of his presidency.

Why it matters: With the Center for Disease Control and Prevention warning of a more contagious variant of the coronavirus, Biden is trying to establish how he’ll approach the pandemic differently than President Trump.

A new Washington

Photo: Stefani Reynolds/Getty Image

D.C. Mayor Muriel Bowser said Friday that the city should expect a "new normal" for security — even after President-elect Biden's inauguration.

The state of play: Inaugurations are usually a point of celebration in D.C., but over 20,000 troops are now patrolling Washington streets in an unprecedented preparation for Biden's swearing-in on Jan. 20.

Mike Pence calls Kamala Harris to offer congratulations and help

Mike Pence. Photo: Chip Somodevilla via Getty

Vice President Mike Pence called Vice President-elect Kamala Harris on Thursday to congratulate her and offer assistance in the transition, the New York Times first reported.

Why it matters: The belated conversation came six days before the inauguration after a contentious post-election stretch. President Trump has neither spoken with President-elect Joe Biden, nor explicitly conceded the 2020 election.