SEC letters claim Tesla failed to oversee Musk's tweets - WSJ

Reuters2021-06-02

June 1 (Reuters) - U.S. securities watchdog told Tesla Inc

last year that Chief Executive Officer Elon Musk's use of Twitter had twice violated a settlement requiring his tweets to be preapproved by company lawyers, the Wall Street Journal reported

on Monday.

The U.S. Securities and Exchange Commission had ordered the electric car maker to vet any material public communications Musk made regarding Tesla, following Musk's August 2018 tweet that he had "funding secured" to possibly take Tesla private in a $72 billion transaction.

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 preapproved by Tesla's lawyers, the Journal reported, citing records of communication that have not been previously reported.

"Tesla has abdicated the duties required of it by the court's order," the WSJ reported, citing a letter signed by a senior SEC official.

The SEC and Tesla were not immediately available for comment.

(Reporting by Ankit Ajmera in Bengaluru; Editing by Anil D'Silva)

((Ankit.Ajmera@thomsonreuters.com;))

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Comments

WilsonAng
2021-06-02
WilsonAng
Ahhaa. These tweets are not about DoGe
Singlish
2021-06-02
Singlish
Wow
- Singlish:
  Good
Firestar76
2021-06-02
Firestar76
Please like and comment
- Onlywayisup:
  Reply me pls

Leave a comment

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These tweets are not about DoGe","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/113948550","repostId":2140499477,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":113930141,"gmtCreate":1622589864683,"gmtModify":1704186733247,"author":{"id":"3581682705103576","authorId":"3581682705103576","name":"Singlish","avatar":"https://static.tigerbbs.com/5543d796a986077e2fa4a07d4fb4d478","vip":1,"hat":"https://static.tigerbbs.com/a3dee1aa3a3a3c1814833a4d3f8a5669","crmLevel":3,"crmLevelSwitch":0,"idStr":"3581682705103576","authorIdStr":"3581682705103576"},"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/113930141","repostId":2140499477,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4535816,"gmtCreate":1622589877507,"gmtModify":1680792505312,"authorId":3581682705103576,"author":{"id":3581682705103576,"idStr":"3581682705103576","authorId":3581682705103576,"name":"Singlish","avatar":"https://static.tigerbbs.com/5543d796a986077e2fa4a07d4fb4d478","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":113930141,"type":1,"supId":0,"prevId":0,"content":"Good","text":"Good","html":"Good"}],"langContent":"EN"},{"id":113021280,"gmtCreate":1622587458140,"gmtModify":1704186655737,"author":{"id":"3576904255196158","authorId":"3576904255196158","name":"Firestar76","avatar":"https://static.tigerbbs.com/04c05136600e189530742b7580c693cf","vip":1,"hat":"https://static.tigerbbs.com/646756f1284a5a6480ed02cc4fa7d1d2","crmLevel":7,"crmLevelSwitch":0,"idStr":"3576904255196158","authorIdStr":"3576904255196158"},"htmlText":"Please like and comment&nbsp;","listText":"Please like and comment&nbsp;","text":"Please like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/113021280","repostId":2140499477,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4535442,"gmtCreate":1622588863753,"gmtModify":1680792493976,"authorId":3572481506955360,"author":{"id":3572481506955360,"idStr":"3572481506955360","authorId":3572481506955360,"name":"Onlywayisup","avatar":"https://static.tigerbbs.com/69e8457649d97776b81c071ede05d42d","vip":1,"currentWearingBadge":{"badgeId":"972123088c9646f7b6091ae0662215be-2","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Master Trader","description":"Total number of securities or futures transactions reached 100","bigImgUrl":"https://static.tigerbbs.com/ad22cfbe2d05aa393b18e9226e4b0307","smallImgUrl":"https://static.tigerbbs.com/36702e6ff3ffe46acafee66cc85273ca","grayImgUrl":"https://static.tigerbbs.com/d52eb88fa385cf5abe2616ed63781765","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":"80.94%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1100},"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":113021280,"type":1,"supId":0,"prevId":0,"content":"Reply me pls","text":"Reply me pls","html":"Reply me pls"}],"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":9,"commentSize":3,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2140499477"}