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Story continues. Securities and Exchange Commission, which in accused Musk and his electric car firm of committing securities fraud after the CEO tweeted that he would take the company private and had "funding secured" for the deal. The price crashes again when the sentiment turns out to be more hype than reality � or when Musk's jokes on Saturday Night Live fall flat. ET on Friday, while other cryptocurrencies including ether and dogecoin also sank. In recent weeks, the meme currency has skyrocketed as the billionaire publicly championed its rise � which came back to earth over the weekend after Musk's controversial appearance on "Saturday Night Live," when he referred to the unit as a "hustle.