Tesla's Elon Musk could be suspended as CEO in latest SEC scuffle, securities lawyers say

Tesla's Elon Musk could be suspended as CEO in latest SEC scuffle, securities lawyers say

5 years ago
Anonymous $Dftgs0JzgE

https://www.cnbc.com/2019/03/07/teslas-elon-musk-could-be-suspended-as-ceo-in-latest-sec-scuffle.html

Tesla CEO Elon Musk is facing pretty significant fines and a possible suspension as CEO for recent activity on Twitter that federal regulators said violated his Sept. 29 settlement with the Securities and Exchange Commission, securities lawyers say.

Musk and Tesla have until March 11 to respond to an order from a judge explaining why the court shouldn't hold him in contempt after he tweeted about Tesla's production forecasts for the Model 3, a mid-size sedan. The agency said the CEO broke an agreement that requires him to vet any public comments that could affect investor decisions.

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