This securities class action case is brought by a group of Tesla shareholders who allege that Elon Musk and Tesla violated Section 10(b) of the Securities Exchange Act of 1934 and SEC Rule 10b-5(b), by making materially false or misleading statements regarding a potential going-private transaction for Tesla that artificially affected the price of Tesla’s stock and other securities in August of 2018. Plaintiff also asserts that the members of Tesla’s Board of Directors violated Section 20(a) of the Securities Exchange Act of 1934, which imposes liability upon persons responsible for controlling an entity that is found to have violated the federal securities laws.