Categories: Automobile

Tesla subpoenaed for a second time over Musk’s go-private tweets

[ad_1]

Tesla Inc has received a second subpoena from the U.S. Securities and Exchange Commission over CEO Elon Musk‘s 2018 tweets about taking the company private, the EV maker disclosed in a regulatory filing Monday.

The company said it received the subpoena June 13 and will cooperate with the government authorities. The regulator did not respond to a Reuters request for comment.

In November last year the regulator had subpoenaed Tesla related to a settlement requiring Musk’s tweets on material information to be vetted.

Musk had in 2018 settled a lawsuit by the regulator over his go-private tweets, agreeing to let the company’s lawyers pre-approve tweets with material information about the company.

In June, Musk appealed a judge’s refusal to end this 2018 agreement with the SEC.

Separately, Tesla said it has converted about 75 percent of its bitcoin holdings into fiat currency and has recorded a $170 million impairment charge related to the asset.

[ad_2]
Source link
AddThis Website Tools
Admin

Recent Posts

Air India: A Journey Through Time

Hey there! Ready to embark on a historical journey with Air India? Whether you're a…

2 weeks ago

The Rise of Smart Altcoins: How 2025 Is Reshaping the Crypto Hierarchy

In 2017, altcoins were seen as experimental side projects to Bitcoin. By 2021, they became…

4 weeks ago

5 Services That Can Transform Your Shopping Center in Las Vegas into a Must-Visit Destination

Shopping centers in Las Vegas have a unique opportunity to stand out by offering not…

4 weeks ago

Levitra Dosage: Guidelines for Safe Use

Levitra, a widely recognized medication for treating erectile dysfunction (ED), has proven to be a…

2 months ago

Practical Tips for Carpet Cleaning on a Budget

Have you ever looked down at your carpet and wondered if there’s a budget-friendly way…

3 months ago

The Best CSGO Case to Open in 2025: Top Picks for CS2 Skins

Counter-Strike 2 (CS2) has elevated the thrill of case openings, captivating both seasoned CS:GO veterans…

3 months ago