SEC Says Tesla Chief Elon Musk's Tweets Violated Court Settlement

  • 📰 NPR
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 63%

Law Law Headlines News

Musk is required to get his statements about Tesla approved by company officials before he publishes. A recent tweet misstated the company's production rate.

Elon Musk, co-founder and chief executive officer of Tesla Inc., pictured in December, has been accused by the Securities and Exchange Commission of violating a settlement over last year's misleading tweets. Robyn Beck/AP toggle caption Robyn Beck/AP Elon Musk, co-founder and chief executive officer of Tesla Inc., pictured in December, has been accused by the Securities and Exchange Commission of violating a settlement over last year's misleading tweets.

19, Musk that"Tesla made 0 cars in 2011, but will make around 500k in 2019." But that claim ran contrary to previous guidance from Tesla about the upstart car company's productivity projections. In another tweet about four hours later, Musk said,"Meant to say annualized production rate at end of 2019 probably around 500k, ie 10k cars/week. Deliveries for year still estimated to be about 400k.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Will be airing a retraction for this story once you wake up and do your own reporting and research and discover you have been duped into slandering Tesla over a non-story by the corrupted SEC_News and SEC_Enforcement I wonder? elonmusk tweet was known data. WTF?

So when are you going to correct your reporting, since the 500k number was the high end of the range discussed in the earnings call? Or do you even research your stories anymore?

Ugh. Leave the man alone. He has done more good than most for this planet. Reinvented electrification of the auto. Better and cheaper space travel. Solar power. Underground transportation. He is getting the Martha Stewart treatment. Cut nose. Spite face. elonmusk Tesla

Why pick a fat picture of Elon Musk from 2015 as opposed to what he looks like now?

Imagine if trump had to do that

Elon Musk and his weed .......hmmm. If you are a big dog maybe you should lay off the drugs.

Can SEC look into Trump tweets affecting shares?

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 96. in LAW

Law Law Latest News, Law Law Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

SEC Asks Manhattan Federal Court to Hold Elon Musk in ContemptThe Securities and Exchange Commission says in a court filing that a Feb. 19 tweet regarding projected production volumes in 2019 violated terms of a prior settlement. I think Musk is just another BIG OBAMA HOAX. Obama gave $5 Billion of tax payer dollars to Tesla, then Musk gave Europeans free cars. So Americans got nothing and our money was used to pay back Europeans for buying Teslas. It's the Obama way. Solyndra on steroids. *Yawn* 뉴스타운_백준흠 패거리들 ;기무사령관 이재수사령관님의 죽음앞에 우벤져스,그렇게 낄길거리며 국민[속이기] 선동질에 나서야 하겠습니까? 키신저+오바마[실세;힐러리클린턴] -오바마는 세월호학살 책임자로 국제헌법재판소에 서게될 것이며, 키신저의 일루미나티에-오원춘=문창극-임종석인질로
Source: WSJ - 🏆 98. / 63 Read more »