On Tuesday 1 June the Wall Street Journal reported that late last year the SEC notified Tesla that Elon Musk was in breach of a 2019 agreement with them to have his Twitter posts checked by Tesla's attorneys.
>From The Guardian: "The SEC had sued Musk after he tweeted on 7 August 2018 that he had 'funding secured' to take Tesla private at $420 a share. The agency alleged the tweet, which sent the electric automaker´s share price up as much as 13.3%, violated securities laws ... "Musk settled the lawsuit in a court-approved deal. He did not admit wrongdoing, but agreed to step down as chairman and have the company´s lawyers pre-approve written communications, including tweets with material information about the company. Musk and Tesla also paid $20m each to settle the case. "But in correspondence sent to Tesla in 2019 and 2020, the SEC said tweets Musk wrote about Tesla´s solar roof production volumes and its stock price were not pre-approved by Tesla´s lawyers, the Journal reported, citing records of communication that had not been previously reported. "'Tesla has abdicated the duties required of it by the court´s order,' the SEC told Tesla in a May 2020 letter. "The SEC and Tesla did not immediately respond to a request for comment. They also did not respond to inquiries from Reuters and the Wall Street Journal." Full story: https://www.theguardian.com/technology/2021/jun/02/elon-musk-tweets-tesla- sec-settlement or https://v.gd/yc4rtp David Roden, EVDL moderator & general lackey To reach me, don't reply to this message; I won't get it. Use my offlist address here : http://evdl.org/help/index.html#supt = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = I have three rules to live by. One, get your work done. If that doesn't work, shut up and drink your gin. And when all else fails, run like hell. -- Ray Bradbury = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = _______________________________________________ Address messages to [email protected] No other addresses in TO and CC fields UNSUBSCRIBE: http://www.evdl.org/help/index.html#usub ARCHIVE: http://www.evdl.org/archive/ LIST INFO: http://lists.evdl.org/listinfo.cgi/ev-evdl.org
