Elon Musk and Tesla sued over 'funding secured' tweet

CEO Elon Musk and Tesla were sued by two investors on Friday, who alleged them of engineering a scheme to squeeze short-sellers. The lawsuits were filed three days after Musk announced he might take Tesla private at $420 per share, claiming that "funding" had been "secured". Tesla short sellers have reportedly lost $1.3 billion in a day after Musk's tweet.