SEC subpoenas Tesla over settlement regarding Musk's tweets
the Elon Musk for tweeting that the company is going private. The agency said that Musk tweeting that Tesla had already secured funding to take the company private constitutes fraud for being a"false and misleading" statement.
" with the SEC that year, Musk had to agree to have his social network posts containing material information pre-approved by a legal team. Shortly after that, though, he tweeted out previously undisclosed production numbers for 2019 without getting that information reviewed first. The SEC
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