Chief Executive Elon Musk has never sought pre-approval for a single tweet about...
- 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.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
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.
Weiterlesen »
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
Weiterlesen »
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...
Weiterlesen »
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...
Weiterlesen »
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.
Weiterlesen »
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
Weiterlesen »
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
Weiterlesen »
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.
Weiterlesen »