SEC sues Tesla CEO Elon Musk for lying about funding, seeks to bar him from running Tesla

Note to readers: This story has been updated from its original version with comment from Musk. Federal regulators said Thursday in a lawsuit that Tesla CEO Elon Musk intentionally misled investors last month when he tweeted that he had “funding secured” to buy back millions of dollars in shares, and asked a judge to bar Musk from running the…