SEC Subpoenas Tesla Over Violation of 2018 Twitter Settlement

SEC Subpoenas Tesla Over Violation of 2018 Twitter Settlement
Tesla and SpaceX Chief Executive Officer Elon Musk speaks at the SATELLITE Conference and Exhibition in Washington on March 9, 2020. AP Photo/Susan Walsh, File
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Tesla said it received a subpoena from the U.S. Securities and Exchange Commission related to a 2018 settlement that required vetting of CEO Elon Musk’s tweets on material information about the company, according to a Feb. 7 filing.
The subpoena was issued by the SEC on Nov. 16, shortly after Musk asked his followers on Twitter if he should sell 10 percent of his stake in the electric car maker, triggering a stock selloff.
Bryan Jung
Bryan Jung
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Bryan S. Jung is a native and resident of New York City with a background in politics and the legal industry. He graduated from Binghamton University.
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