It also claims he "knew or was reckless in not knowing" that his statements were false and/or misleading.
The legal suit filed claims Mr Musk "falsely indicated that it was virtually certain that he could take Tesla private" at a purchase price higher than Tesla's then stock price.
That news sent shares soaring.
An unnamed Wall Street analyst emailed Tesla's head of investor relations following the blog post noting that it didn't address Musk's assertion in his tweet that funding had already been secured for the buyout.
The US Securities and Exchange Commission'slawsuit seeks to bar Musk from serving as an officer or director of a public company, which would potentially remove him from his roles as chief executive officer and chairman of Tesla.
After the initial tweet, Musk posted subsequent tweets and reemphasized his intention to take the firm private, and the SEC cited those additional tweets in its complaint as additional misleading statements. Tesla has been a publicly traded company since 2010.
The SEC filing said funding was not secured because Musk had never discussed it with any potential financial sources, he had never investigated whether the "special goal fund" could be created, and he hadn't received "confirmed" support for the proposed transaction.
Musk also tweeted that he had "funding secured" for such a deal and that the only step left in the process was getting investor approval. Musk said moments later on Twitter that the only remaining contingency was a shareholder vote, when, the lawsuit alleges, there were many more contingencies.
In a lawsuit, the regulator said Musk surprised members of his own team and investors with a series of tweets, starting with the August 7 announcement that he was thinking oftaking Tesla private. Among other things, Musk is said to have ignored the advice of his investor relations department which said it would be hard for retail investors and smaller shareholders to remain invested in the company.
"This sucks", said Ross Gerber, president and CEO at Gerber Kawasaki Inc, which owns 41,000 Tesla shares.
In a statement released late Thursday, Tesla and the Palo Alto, California-based company's board said they are fully confident in Musk, his integrity and leadership.
Following that morning's tweets, Tesla stock rallied 6 percent before trading was halted for more than an hour.
Judge Kavanaugh understood that he testified under penalty of felony, subject to up to 5 years of imprisonment. But it weakens their case against Kavanaugh, who has strongly denied sexually abusing either of them.
Trade Representative Robert Zoellick told us this week, "pits American nationalism against American internationalism". Of course, he continued, there is no prospect for that happening because the USA has not yet reached "maturity".
Should the effort fail, the party would likely explode in finger-pointing that could have implications in the November elections. Mr Avenatti is also representing Stormy Daniels, the porn star who signed a hush agreement over an affair with Trump .
In Mojave, if an app wants to access the camera and microphone on your computer, it must request your explicit permission. The Mac App Store now gets four new tabs - Discover, Create, Work, and Play - for users to search for more content.
The commission is asking the court for an order that would stop Musk from being "an officer or director" of any public company. But the SEC says Mr Musk had not discussed or confirmed key deal terms including price with any funding source.
At the moment, we are winning games so it is more easy to smile but when I am on the pitch I just try to be happy. When then asked about Messi and Ronaldo, Barkley added: "They are probably a lot more selfish than Eden is".
Netflix says the new characters "share a vision for the future of America, as well as a complicated past with the Underwoods". But she quickly lifts her face from her palm and reveals a stone-cold expression while mascara runs down her face.
The LA native has been singing since she was 1 and was entering talent competitions in downtown LA by the time she was 3. The seven-year-old was selected as the victor of the LA Galaxy's inaugural #GalaxySocial national anthem contest.
78.3m people played Fortnite in August
This oddity appeared after a vicious lightning strike, only to roam about the map leaving burned runes in its wake. If a Fortnite Battle Royale anniversary event is held then it will be the final event of Fortnite season 5.
What Bill Cosby will eat behind bars
The person said Cosby wanted his wife, who didn't attend his sentencing, to exhaust their resources to get him out of prison. Bill Cosby is spending his second night in prison and the exact location of his cell has been revealed Wednesday night.
Plane overshot runway before ending up in Micronesian lagoon
A Boeing 737-800, capable of carrying 189 passengers and crew, came off the end of the runway at Chuuk International Airport. Chuuk Airport manager Jimmy Emilio told local media outlets the Air Niugini plane cleared the runway by about 160metres.