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Tesla CEO violated SEC agreement with misleading tweet, agency says

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  • Tesla CEO violated SEC agreement with misleading tweet, agency says

    Looks like Elon Musk and the SEC just can't get along:

    https://abc7chicago.com/tesla-ceo-vi...-says/5157077/
    Tesla CEO violated SEC agreement with misleading tweet, agency says


    Tesla's CEO may have violated an agreement with the Securities and Exchange commission with a misleading tweet last week, the agency said in a court filing on Monday.

    The SEC accused Elon Musk of violating the terms of an August settlement with an "inaccurate" tweet last week about the company's manufacturing projections and asked a judge to hold him in contempt of court, according to the filing.

    "Musk did not seek or receive pre-approval prior to publishing this tweet, which was inaccurate and disseminated to over 24 million people," the SEC said in a filing with the U.S. District Court for the Southern District of New York. "Musk has thus violated the court's final judgment by engaging in the very conduct that the pre- approval provision of the final judgment was designed to prevent."
    Pete (wonders why people can't just stop tweeting)

  • #2
    I've never tweeted. I'm sure that comes as no great surprise.
    At the precipice, we change!
    The problem with Capitalism is that humans run it.

    Comment


    • #3
      I've squawked.
      They speak in bulletpointese leftist nutjob drivel. It doesn't matter. Nothing is as great a motivator as the chance to truly be free.
      -Mr. Raceboy

      Comment


      • #4
        Iíve tooted...
        Originally posted by Mr. Raceboy
        I'm a lot more worried about the commies running DC than I am about commies half way around the world.

        Comment

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