The Securities and Alternate Fee is having a tough time reining in Elon Musk’s social media use, in line with a brand new report from The Wall Road Journal.
The regulator despatched Tesla three sternly worded letters between August 2019 and June 2020, asking Tesla’s lawyer’s to implement a 2018 settlement that demanded larger oversight of Musk’s social media posts. “Tesla has abdicated the duties required of it by the courtroom’s order,” mentioned the SEC in a letter from Might of final 12 months.
The three letters, together with the SEC’s information of its correspondence with Tesla’s attorneys, had been obtained by the Journal via a Freedom of Info Act request. They present a regulator struggling to implement a settlement that, from the outset, appeared difficult to implement.
Learn 14 remaining paragraphs | Feedback