Elon Musk has put himself in legal trouble with a post on Twitter. said Mr. Musk issued an updated production outlook in a Twitter post on last Tuesday without first seeking approval from the company’s lawyers as required under the agreement. The commission sued Mr. Musk and Tesla last year over a Twitter post in which he said he had “funding secured” to take the company private at $420 a share. It turned out that the plan to take the company private was in a much more embryonic state than his tweet indicated. Mr. Musk was required to step down as chairman, and he and the company paid $20 million each in fines.

Source: New York Times February 26, 2019 00:02 UTC