Tensions have been strained between Tesla CEO Elon Musk and the US Securities Exchange Security and Exchange Commission (SEC). As it is known, the businessman, who uses Twitter very actively, comes to the fore at regular intervals with his posts on many topics, including crypto assets. Musk, who got into trouble with an interesting post he made in the past years, has recently taken a critical step.
Statement from Elon Musk that worries drivers!
Tesla CEO Elon Musk stated on Twitter a while ago that the traffic problem will increase with the spread of autonomous vehicle technology.
Will Elon Musk terminate his deal with the SEC?
As it will be remembered, Elon Musk announced on Twitter in 2018 that he would buy all of his shares by removing Tesla from the stock market. In this context, Musk, who announced that he had found the necessary funds and would offer investors $ 420 per share, was faced with investigations by entering the SEC’s radar after the failure of the agreement.
Elon Musk was later accused by the commission of deceiving Tesla shareholders. At this point, Musk, who did not want to face greater penalties, reached an agreement with the SEC to pay $ 20 million, as well as leaving the chairmanship of the company.
Elon Musk, who periodically confronts the SEC, has recently applied to the court to cancel the agreement made in 2018. According to Musk’s claims, the commission pressured him to make a multimillion-dollar deal at a time when Tesla was in financial trouble.
Apart from that, the businessman stated that he had absolutely no intention of deceiving Tesla shareholders, and that he had found the necessary funds at that time and wanted to buy all the shares.
So what do you think about this subject? Do you think Elon Musk will be able to cancel his agreement with the US Stock Exchange Security and Exchange Commission? Do not forget to share your views with us in the comments section or on the SDN Forum.