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The SEC wrote Tesla in 2019 and 2020 on the tweets of Elon Musk

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In 2018 the government denounced Tesla CEO Elon Musk for his tweets about to take the company private after the tweets sent the price of Tesla shares. An establishment in 2019 has established rules requiring the approval of Tesla attorneys for tweets on certain topics, but such as Musk said 60 Minutes, “Well, I think we can make some mistakes. Who knows?”

If you asked the SEC, two specific tweets were “errors,” like the one Wall Street Journal reports that the agency wrote to Tesla about the two incidents, saying they were not pre-approved for the deal.

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One, about which Tesla stock price is “too high” initiated a lawsuit by a shareholder, and the company described it as falling outside the agreed-upon arguments because it is Musk’s “personal opinion.” While the SEC is apparently “very concerned about Tesla’s repeated determinations that there has been no violation of the policy due to alleged cuts,” at least so far, it has not taken any further action against the company or its CEO. .

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