Tesla's Elon Musk and the SEC have reached an agreement, report says
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 settlementĀ post-"Funding secured" that's because it is similar. This is just in a more clear and easily enforceable language.
Tesla's Elon Musk and the SEC have reached an agreement, report says
Apr 26, 2019, 11:16pm UTC
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 settlementĀ post-"Funding secured" that's because it is similar. This is just in a more clear and easily enforceable language.