Is Elon Musk trying to provoke the SEC with weekend’s Tesla tweet?
A similar tweet sent almost two months ago in which Musk said Tesla would build 500,000 cars in 2019 led the SEC saying he was in contempt of a settlement reached with the regulator
New York — Elon Musk, already in hot water over his Twitter use, posted another Tesla production forecast reminiscent of the one that landed him before a federal judge earlier in April. Musk wrote Sunday that Tesla will make more than 500,000 cars in the next 12 months. A similar tweet sent almost two months ago in which Musk said the company would build 500,000 vehicles in 2019 led the US Securities and Exchange Commission (SEC) to argue he was in contempt of a settlement reached with the regulator in 2019. The latest forecast, given as a seemingly innocuous aside in a discussion about the future value of Tesla vehicles, nonetheless came as Musk’s lawyers are negotiating with the SEC over an agreement that put controls on the billionaire’s tweeting. A US judge gave the two sides until April 18 to meet for at least an hour and resolve their differences. If they can’t, she’ll rule whether Musk is in contempt. The legal tussle for Musk served as a distraction amid a record decline in ...
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