2019-02-26 —

Musk's latest run-in with the SEC stems from a tweet he sent a week ago, on February 19: "Tesla made 0 cars in 2011, but will make around 500k in 2019." Hours later, Musk sent a follow-up tweet indicating that the company will actually deliver just 400,000 cars this year.

Although Musk corrected his mistake, regulators berated Musk for once again publishing "inaccurate and material information about Tesla to his over 24 million Twitter followers." The SEC said Musk had not asked for or received company approval before sending the tweet, as required by the settlement.


If Nathan does side with the SEC and rules that Musk was in contempt for violating the settlement deal, she'll have a range of options to punish Musk and dissuade him from breaking the agreement again. Consequences could range from a fine, to limiting further social media use, to his removal as CEO.

go to full article | permalink to this | forum thread | | RSS | Subscribe by email!

Comments: Be the first to add a comment

add a comment | go to forum thread