Tesla's Elon Musk and the SEC have reached an agreement, report says

Tesla's Elon Musk and the SEC have reached an agreement, report says

5 years ago
Anonymous $9jpehmcKty

https://www.cnet.com/roadshow/news/tesla-elon-musk-sec-contempt-agreement/

The quick version of what it says is that Musk needs to have the approval of a specialist securities lawyer -- which Tesla has to pay for -- to say anything in written form or on an earnings call that relates to topics like production numbers, delivery numbers, mergers and acquisitions or new business lines (like leaf blowers, for example).

If that seems kind of like what he agreed to the first time Musk and the SEC reached a settlement post-"Funding secured" that's because it is similar. This is just in a more clear and easily enforceable language.