The SEC and Elon Musk are in another showdown. The SEC asked a judge to hold Musk in contempt for violating a settlement deal, and the Tesla CEO responded by calling the agency's oversight 'broken.'
for violating a settlement deal reached with the powerful regulator last year.
The SEC says Musk violated the agreement by tweeting inaccurate information about Tesla production levels without first seeking approval from his lawyers.The Securities and Exchange Commission asked a federal judge on Monday to hold Tesla CEO Elon Musk in contempt for violating a settlement deal reached last year.that"Tesla made 0 cars in 2011, but will make around 500k in 2019.
Although Musk corrected his mistake, regulators scolded Tesla's billionaire CEO because he"once again published inaccurate and material information about Tesla to his over 24 million Twitter followers," according to court papers filed Monday.12 hr 59 min agoA number of high-profile executives have left Tesla and CEO Elon Musk over the past year:
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