The US Securities and Exchange Commission has responded to Elon Musk’s . In a letter it filed on Friday with a New York federal judge, the SEC said its frequent check-ins with Tesla were consistent with expectations from the court overseeing the company’s 2018 settlement.
At the time, Tesla had agreed its lawyers would preclear some of Musk’s tweets after one of his messages drew the attention of the SEC. The specific saw Musk say that he had “funding secured” to take Tesla private at $420 a share. Following an investigation, the SEC alleged the message constituted fraud, with Tesla and Musk eventually agreeing to settle the case for $40 million.
SEC, three letter acronym, middle word is Elon’s
— Elon Musk (@elonmusk) July 2, 2020
But within less than a year later, the SEC suspected Musk of not complying with his part of the agreement, according to . In 2019 and…
