After Mr. Musk made assertions about taking Tesla private in 2018, the US Securities and Exchange Commission (SEC) accused him of deceiving investors. Tesla lawyers agreed to pre-approve specific tweets under the terms of a deal. However, according to documents obtained by the Wall Street Journal, the agency believes Mr. Musk and Tesla violated the conditions of the agreement.
According to the publication, the Securities and Exchange Commission (SEC) wrote to Tesla stating that Elon Musk’s Twitter account had twice violated the agreement. stock price was alleged “too high” in one tweet, while the company’s solar roof manufacturing was alleged “too low” in the other.
He has been more cautious in his tweets about his businesses, albeit some of his predictions about Tesla self-driving capabilities or the advancement of his brain interface project Neuralink may have raised some eyebrows.
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