- Chief Executive Elon Musk has never sought pre-approval for a single tweet about Tesla Inc since striking a court-approved deal about how to communicate important information about the electric vehicle maker, the top U.S. securities regulator told a judge on Monday.
The ongoing public battle between Tesla’s chief executive and the SEC piles pressure on Musk, the public face of Tesla, who is struggling to make the company profitable after cutting the price of its Model 3 sedan to $35,000. The regulator last month alleged that Musk had violated a September settlement of fraud charges by tweeting material information about Tesla without pre-approval from the company.
The SEC said in Monday’s filing that the pre-approval policy agreed in the settlement was designed to include a wide variety of his comments, not just those that were deemed material by the regulator’s standards. Tesla has backed off a plan to close all its U.S. stores and said it will instead raise prices of its higher-end vehicles by about 3 percent on average. Last week, Tesla unveiled its Model Y crossover SUV, targeted to begin production in 2020.
Now this is just a witch hunt and the SEC trying to take a bath in their 'power'. Disgusting. They let penny stock con artist run free and literally STEAL from people, yet they are trying to oust an actual innovator and probably the most significant inventor of the century.
Can a contract be legally binding if it undermines a constitutional right? ISayNo
he is Tesla you dummies
I think the SEC will lose this battle badly. Basic freedom of speech stuff. He can be prosecuted but only after the tweet. First fine 20 million. Second time 100 m third time 1 billion fourth time 40 billion. Trust me he won’t have five tweets. .
Elon, you know you want to nunes those cows on your board. They are shadowbanning you. whisper sue....
It will be historical that one of the few people, Elon elonmusk that persistently tried to save mankind from self-destruction, simultaneously was continually persecuted by media. All related to their self interest by increasing click baits or being loyal to their advertisors.
Everyone needs to ask themselves... why are the trying to take out Elon musk? Media working overtime. He must be on verge of aometh8ng big
Welcome to China guys
Tweets are tiny sentence beasties. A quick thought, o r a true intention. Tiny blips into one moment. Or threads of reality, at that time.
Does pResident Trump seek approval from ANYONE for any of his tweets!
one judge’s ruling is another judge’s strike down
You can't put a leash on this mad lad
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Tesla CEO Elon Musk denies violating SEC fraud settlementMusk's lawyers said the SEC was broadly overreaching reaching with its request. Leave elonmusk alone Oh, I see Elon is now a member of JustinTrudeau’s cabinet! Nice 👍! Cdnpoli I hope things turn out ok in life. George
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Elon Musk defends his Tesla tweets and says SEC is overreachingElon Musk told a judge that a pair of tweets he sent last month about Tesla weren’t improper, pushing against a request by the U.S. Securities and Exchange Commission to hold him in contempt for violating earlier restrictions on his social media posts. When you are rich you can say or do anything.... Hmm, surely is stepping on some toes... is it the gas/oil lobby?!? elonmusk The SEC is displaying obvious bias against Elon Musk and instead of helping to promote businesses in this case has gone way out of their lane to make a big deal out of a statement made that anyone can see was nothing more than one of being proud of future success.
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Elon Musk shoots down U.S. regulator's complaint about his Tesla tweetWATCH: Elon Musk shoots down U.S. regulator's complaint about his Tesla tweet via ReutersTV TV TheJusticeDept GOP DNC WhiteHouse IMO they are not going to stop until they destroy elonmusk & steal all Tesla Tech+IP for the shorters & speculators behind CNBC Cramer & his gangsters. Everybody knows they are in collusion w/ some inside SEC. What a sad day for America. TV Has any seen realDonaldTrump and elonmusk in the same room together? TV The SEC thinks they are above the law. A lot of blood, sweat, and tears behind the bill of rights, and they think they can trample it over a grudge. Shame on the SEC, they are supposed to protect the shareholders, not destroy wealthy over an immaterial tweet after trading hours.
Source: Reuters - 🏆 2. / 97 Read more »
U.S. SEC wants to respond to Elon Musk's defense of Tesla tweetThe top U.S. securities regulator on Tuesday sought permission from a judge to r... I do not like these sorts of people. They are thieves. Tesla is a disruptive company. Ideas come fast, some bad mostly good. Can't wait for the old style drawn out way of doing business. If bad idea change it immediately It seems as though the SEC has deep ties to petroleum based companies stemming from standard oil, Henry Ford etc. who intentionally ripped out our public electric transportation systems so we’d be forced to buy automobiles and become slaves to oil. Elon is disrupting the paradigm
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Elon Musk's defense of his Tesla tweet will get SEC responseThe top U.S. securities regulator received permission from a federal judge on Tu... Tesla really needs to get rid of him at this point. ........yes master.....we hear and obey master........ fail
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Elon Musk's defense of his controversial Tesla tweet will get an official response from the SECThe federal regulator has until March 19 to file a brief. ....official....watered down....response.... Toothless As a shareholder, I am confused as to why an agency designed to protect my holdings feels the need to destroy wealth and ignore the first amendment
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SEC Gets To Rebut ‘Factual Assertions’ By Elon Musk’s Lawyers In Tesla CaseA federal judge overseeing a legal settlement between the SEC and Tesla CEO Elon Musk wasted little time in saying she’ll allow the regulator to respond to “new factual assertions” made by the colorful billionaire’s lawyers What can you do to him? You can’t take him to jail! Just another short story in this guys life novel
Source: Forbes - 🏆 394. / 53 Read more »
Elon Musk says the SEC is trying to trample on his freedom of speechElon Musk is making his case for why a US federal court should reject a request by the Securities and Exchange Commission to hold him in contempt over one of his tweets about Tesla elonmusk He should make his case for some ranch! Elon dindu nuthin.
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Judge Says SEC Can Have A Crack At Statements By Elon Musk’s LawyersA federal judge must determine if Musk is in contempt of the settlement and, if so, whether to punish him with a warning, a fine or even removal as Tesla CEO.
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