Business
SEC watchdog says two Elon Musk tweets violated settlement deal – The Guardian
Tesla CEO and the Securities and Exchange Commission’s 2019 deal stipulated that Musk would vet any public communications
The US securities watchdog told Tesla last year that Elon Musk had twice violated a settlement requiring his tweets to be pre-approved by company lawyers, the Wall Street Journal reported on Tuesday.
Musk and the US Securities and Exchange Commission agreed in 2019 that the electric car maker would vet any material public communications Musk made regarding Tesla.
The SEC had sued Musk after he tweeted on 7 August 2018 that he had funding secured to take Tesla private at $420 a share. The agency…
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