over a February 19 tweet in which Musk said Tesla would produce 500,000 vehicles in 2019. Musk corrected the tweet about Tesla vehicle production hours after he sent it.
tweet last year in which he said he was prepared to take the company private at $420 per share. Both Tesla and Musk were ordered to pay $20 million each in restitution. The SEC accuses Musk of failing to have his tweets vetted and, instead,"unilaterally" deciding what is material information. It continues:"Musk's shifting justifications suggest that there was never any good faith effort to comply with the Court's order and the Tesla Policy. Rather, Musk has simply elected to ignore them."
He is Donald Trump genius
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
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
Source: ABC - 🏆 471. / 51 Read more »
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.
Source: latimes - 🏆 11. / 82 Read more »
Elon Musk never sought approval for a single Tesla tweet, U.S. SEC tells judgeChief Executive Elon Musk has never sought pre-approval for a single tweet about... You can't put a leash on this mad lad Does pResident Trump seek approval from ANYONE for any of his tweets! one judge’s ruling is another judge’s strike down
Source: Reuters - 🏆 2. / 97 Read more »
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 »
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.
Source: Forbes - 🏆 394. / 53 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
Source: Reuters - 🏆 2. / 97 Read more »
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
Source: Reuters - 🏆 2. / 97 Read more »
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
Source: BusinessInsider - 🏆 729. / 51 Read more »
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.
Source: CNN - 🏆 4. / 95 Read more »