A new statement came from the SEC, which has continued to debate with Elon Musk for years, for Tweets about Tesla today.
Elon Musk, the owner of Twitter, SpaceX, Tesla and Neuralink, continues legal discussions due to the Tweet he shared in 2018. About the share that caused great activity in Tesla shares today, From the US Securities and Exchange Commission (SEC) A new statement has come.
The SEC stated that Tesla CEO Elon Musk should get approval from his lawyer for Tesla-related Tweets that he can share today. So Musk, according to the SEC without the approval of his own attorney. He shouldn’t be able to post a Tweet about Tesla.
Why is Musk’s Tweet lawsuit happening?
Elon Musk, in his tweet shared in 2018, “funding is completeHe announced that Tesla would turn into a private company at a price of $420 per share. After this share, Tesla shares experienced great fluctuations.
Musk and Tesla, on the SEC’s investigation into this incident in 2019 to pay a fine of 20 million dollars each had accepted. In addition, Musk also approved to leave his position as chairman of the board of Tesla for 3 years.
But after this deal, Musk expressed that he did not respect the SEC. Musk’s lawyer and himself, the SEC’s signing Musk to sign the deal. you scared He brought the case to appeal.
The SEC, in its latest letter published today against the ongoing allegations, emphasized lawyer review for Tweets, as well as the conclusion of the agreement reached. it’s completely legal expressed.
It cannot be predicted how long the debate between Musk and the SEC will last.
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Source :
https://techcrunch.com/2023/02/23/sec-says-elon-musk-still-needs-lawyer-to-approve-his-tweets/