Monday 25 February 2019

Elon Musk in trouble with SEC over another tweet

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Last week Tesla CEO Elon Musk couldn't contain himself — he had to tweet about his electric car company and how many cars it would make by the end of the year.

The problem? He isn't supposed to tweet about things that could impact markets and his publicly traded company. After he reached a settlement with the U.S. Securities and Exchange Commission last year over his now infamous "take Tesla private" tweet, he's not supposed to tweet about Tesla without approval from the company. 

Tesla made 0 cars in 2011, but will make around 500k in 2019

— Elon Musk (@elonmusk) February 20, 2019

Now Bloomberg reports that the SEC is asking a judge to hold Musk in contempt for tweeting Tesla "will make around 500K in 2019." Read more...

More about Tesla, Elon Musk, Sec, Tech, and Transportation

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