. In 2019 and 2020, the agency’s lawyers wrote to Tesla to ask why some of Musk’s tweets about the company’s production numbers and stock price weren’t cleared by its lawyers. Tesla claimed those statements weren’t covered by the settlement policy.
Tesla accused the SEC this week of using its resources to conduct “endless, unfounded investigations” into the company and its CEO. It also alleges the regulator broke its promise to distribute the $40 million settlement to Tesla shareholders, a claim the SEC disputes. In the letter it filed on Friday, the agency said it was working on a plan to pay shareholders and would have more details to share by March.
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