SEC says it’s ‘stunning’ that Elon Musk never complied with order to get tweets approved - News Summed Up

SEC says it’s ‘stunning’ that Elon Musk never complied with order to get tweets approved


Musk’s August tweets about taking Tesla private resulted in $40 million in fines, the appointment of two independent board directors and the replacement of Musk as chairman. His settlement with the SEC, approved by a judge in October, called for Tesla to designate an attorney to pre-approve company-related tweets. The electric-car maker appointed one in late December, but that person is monitoring the tweets in real time, not approving them beforehand.


Source: Los Angeles Times March 19, 2019 03:20 UTC



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