Business Maverick: Elon Musk Taunts the SEC Amid Surge in Tesla Stock Price

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Elon Musk provoked the U.S. Securities and Exchange Commission in the course of taking a victory lap on Twitter over Tesla Inc.’s surging share price.

The SEC took Musk back to court last year after he failed to clear a tweet about Tesla’s production with his in-house counsel. The two sides eventually agreed to amend the earlier settlement tothe billionaire can’t tweet about or otherwise communicate in writing without advance approval.

Hours after a federal judge signed off on the amended deal in April 2019, then-SEC Commissioner Robert Jackson publicly , saying in a statement that Musk had not been sufficiently punished for failing to adhere to restrictions on his social media use.the SEC. A spokesperson for the agency declined to comment on his latest tweets.

Tesla disclosed in February that the SEC sent the company a subpoena regarding “certain financial data and contracts” including “regular financing arrangements.” One analyst

 

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