Shares of Tesla fell Tuesday after the Securities and Exchange Commission asked a judge to hold Elon Musk in contempt for violating its settlement deal. The stock fell as much as 3 percent before paring losses to close a just a fraction of 1 percent down. The SEC cited an"inaccurate" February 19 tweet about production, Bloomberg first reported. On that date, Elon Musk tweeted — then revised — projections for full-year Tesla manufacturing numbers.
Previously, the SEC settled charges with Musk and Tesla over the CEO's aborted bid to take the company private last fall, with the billionaire remaining at the helm of the company but relinquishing his chairman title and getting slapped with a $20 million fine. As part of the settlement, Musk was supposed to get pre-approval for future tweets.
Why
And yet not a SINGLE Wallstreet banker responsible for defrauding America out of $1.5 Trillion have been even QUESTIONED by authorities.
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Source: BusinessInsider - 🏆 729. / 51 Read more »