Elon Musk accuses the SEC of leaking information against him
earlier this week, saying its frequent check-ins with Tesla were effectively required by the court overseeing the 2018 settlement. It also rebutted Musk's other complaint, saying that it was making progress disbursing the $40 million fine to shareholders as it had promised.
Musk's lawyers alleged that at least one SEC member had leaked"certain information regarding its investigation," but it didn't say who or which information. Tesla revealed in its 2021 Q4 earnings report that the SEC subpoenaed the company and Musk, seeking information on how they're complying with the 2018 settlement.
Musk previously ran afoul of the 2018 settlement a year later after tweeting information about Tesla vehicle production that wasn't approved by the company's"disclosure counsel." His lawyers accused the SEC of violating his free speech rights then, too. Musk and Tesla eventuallyto a revised settlement that required him to get approval in advance for any tweets or other communication from an"experienced securities lawyer.
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