Elon Musk says he's 'very happy' after judge orders settlement negotiations with SEC

Elon Musk says he's 'very happy' after judge orders settlement negotiations with SEC

5 years ago
Anonymous $syBn1NGQOq

https://finance.yahoo.com/news/tesla-musk-sec-settlement-tweet-012947419.html

“Tesla made 0 cars in 2011, but will make around 500k in 2019,” Musk said in the disputed tweet, which was later corrected to say the company would build about 400,000 vehicles and reach an annualized production rate around 500,000.

The SEC argued Musk should be held in contempt based on its position that his tweet violated the court’s prior order requiring him to obtain pre-approval from a designated Tesla representative before posting tweets that contain or reasonably could contain information material to Tesla or Tesla shareholders.

Elon Musk says he's 'very happy' after judge orders settlement negotiations with SEC

Apr 5, 2019, 2:31pm UTC
https://finance.yahoo.com/news/tesla-musk-sec-settlement-tweet-012947419.html > “Tesla made 0 cars in 2011, but will make around 500k in 2019,” Musk said in the disputed tweet, which was later corrected to say the company would build about 400,000 vehicles and reach an annualized production rate around 500,000. > The SEC argued Musk should be held in contempt based on its position that his tweet violated the court’s prior order requiring him to obtain pre-approval from a designated Tesla representative before posting tweets that contain or reasonably could contain information material to Tesla or Tesla shareholders.