Former SEC chairman Harvey Pitt Tesla CEO Elon Musk 'irrepressible' and said the SEC has to take steps to get him to change his behavior on Twitter.
and violated the terms of an agreement Tesla and Musk made last year to settle securities fraud charges.But the SEC is acting responsibly said former SEC chair Harvey Pitt.
Musk has been sparring with the SEC after he announced on Twitter last summer that he secured the funding needed to take Tesla private at $320 a share, only to later walk back those statements. Investors thought Tesla's troubles with the agency were over when the parties reached a settlement late last year.
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