Yeah, Musk gets too excited, I think, and starts blathering without
thinking of consequences. Well, I respect him anyway, because he's
actually doing EVs and his other programs. Other extremely wealthy
people could follow his example (some do, in other ways).
Peri
<< Annoyed by leaf blowers ? https://quietcleanseattle.org/ >>
------ Original Message ------
From: "EVDL Administrator via EV" <[email protected]>
To: [email protected]
Cc: "EVDL Administrator" <[email protected]>
Sent: 03-Jun-21 9:54:30 PM
Subject: [EVDL] EVLN: SEC dings Elon Musk again
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
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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
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