Musk didn't comply with a part of the settlement that required Tesla to review his potentially market-moving tweets before they were published, the SEC said.
, Tesla agreed to review Musk’s market-moving tweets and public statements before he published them.
Tesla also said that Musk’s initial tweet about production levels were in line with what the company had told investors during a January 2019 call. Musk’s tweets were “intended to recapitulate” that information, Tesla told the SEC. But the SEC called that explanation “not credible.” The information was “obviously different” from what the company had initially disclosed to investors. In addition to not being preapproved, it was inaccurate, the SEC said.
That interaction shows that Musk didn’t plan to comply with the settlement, the SEC alleged. “Musk’s tweets have been reviewed after their publication, but there is no suggestion that Musk has sought or obtained pre-approval of any tweet prior to publishing it,” the SEC said.
इंडिया ताज़ा खबर, इंडिया मुख्य बातें
Similar News:आप इससे मिलती-जुलती खबरें भी पढ़ सकते हैं जिन्हें हमने अन्य समाचार स्रोतों से एकत्र किया है।
SEC asks judge to hold Tesla’s Musk in contemptThe Securities and Exchange Commission asked a federal judge on Monday to hold Tesla Inc. CEO Elon Musk in contempt of court, saying he has violated the terms of a settlement with the agency
और पढो »
SEC seeks contempt charge against Tesla's Musk, says tweet violates dealThe U.S. Securities and Exchange Commission (SEC) is pursuing a contempt order against Tesla Inc CEO Elon Musk, saying he violated a fraud settlement by tweeting material information without preapproval, sending the firm's shares down 5 percent. The SEC's request potentially could reopen a turbulent
और पढो »
SEC attack on Tesla's Musk pushes shares lowerShares in Tesla Inc could fall by a fifth in value if the U.S. Securities and Ex...
और पढो »
Elon Musk says Tesla won't be getting involved with cryptocurrencyElon Musk says bitcoin is interesting, but Tesla's not getting involved.
और पढो »
SEC asks judge to hold Elon Musk in contemptThe Securities and Exchange Commission has asked a federal judge to hold Tesla CEO Elon Musk in contempt for violating a settlement deal reached last year.
और पढो »
Elon Musk Did Another Inaccurate Tweet And He’s In Trouble With The SEC AgainElon Musk Is In Trouble With The SEC Again
और पढो »
SEC Asks Manhattan Federal Court to Hold Elon Musk in ContemptThe Securities and Exchange Commission says in a court filing that a Feb. 19 tweet regarding projected production volumes in 2019 violated terms of a prior settlement.
और पढो »
'How embarrassing': Elon Musk fired back at the SEC in latest fight over Tesla production numbersThe SEC claims Elon Musk violated his settlement with the agency when he tweeted about Tesla's 2019 production numbers.
और पढो »
Tesla slides after the SEC says Elon Musk violated his settlement with the agencyTesla fell 3.14% to $289.40 a share early Tuesday after the SEC said CEO Elon Musk violated the terms of his agreement with the agency.
और पढो »