Elon Musk kept up his Twitter attack on the Securities and Exchange Commission on Tuesday, even after landing in more regulatory hot water with potential penalties that could see him being barred from running Tesla Inc.
“Something is broken with SEC oversight,” Musk wrote in response to a user’s tweet sympathizing with this position. The U.S. regulator on Monday asked a judge to hold him in contempt for violating a settlement that required him to get Tesla approval for social media posts and other writings that could be material to investors.Musk was taking issue with the SEC alleging that he breached that deal with a Feb. 19 tweet that said Tesla would make about half a million cars in 2019.
In a tweet after the SEC filing, Musk said the agency overlooked a comment he made on the company’s Jan. 30 earnings call that Tesla may make as many as 500,000 of its Model 3 sedans this year.
It will be interesting to examine how many “billionaires” get taken down just by typing words on a free format app
the original ruling was bullshit. glad he is fighting back.
Ultra rich think laws and norms don't apply to them. They're better because their rich !
Do drag him, SEC.
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