Here’s a great financial tip for billionaire Elon Musk: Just log off.
wall street journal Reports that over the past two years, two of Musk’s tweets have violated the SEC’s court-ordered policy that requires Tesla’s lawyers to pre-approved his tweets.
A 2018 settlement between the two entities led to a settlement after the SEC claimed that Musk had been fraudulent by tweeting about a potential Tesla buyout. Musk had to pay a tidy $20 million on top of Tesla’s $20 million, and he also had to agree to have his (slightly illiterate) social media presence monitored by Tesla lawyers. (he didn’t stop her Mocking the SEC Via Twitter immediately after disposal.)
This time for the tweets that closed the SEC, the organization said “The tweets Mr. Musk wrote about Tesla’s solar roof production volume and its stock price did not pass the necessary approvals by Tesla’s attorneys,” the Journal reports. .
The Wall Street Journal recently disclosed the correspondence the SEC sent to Tesla in 2019 and 2020; In May 2020, the SEC reported in a letter to Tesla that the company “failed to implement these procedures and controls despite repeated violations by Mr. Is done.”
Will Musk stop tweet-trolling for his company’s sake? Will the pigs fly? who’s to say!
Disclaimer: The opinions expressed within this article are the personal opinions of the author. The facts and opinions appearing in the article do not reflect the views of knews.uk and knews.uk does not assume any responsibility or liability for the same.