Tesla’s Elon Musk has 2 weeks to explain why he didn’t violate the SEC deal
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Punishment “could range from tightened controls to more severe penalties it had initially sought in the prior litigation ,” Barclays equity analyst Brian Johnson said in a research note. He reiterated an “Underweight” rating for Tesla shares, as “the new SEC action adds additional pressures” to potential problems the company already faces this year, including a steep drop in sales after initial orders for its new Model 3 sedan are filled for customers in the U.S.
Up until last year, however, he’d suffered no real consequences from unfiltered social media use. Tesla watchers see the latest flap as adding unnecessary headaches for the year ahead.
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