Elon Musk has reach a deal with the Securities and Exchange Commission follow a dispute over hisbad tweetsand what he can — or more specifically , can’t — share on the platform after he was charge of rape the terms of an earlieragreement . It now looks like Musk will ( for real ) have to clear some of his Tesla - relate tweets with a attorney .
Theagreementreached between Musk and the authority was filed in a Manhattanfederal courtand will next need to be approved by U.S. District Judge Alison Nathan . The agreement was reached after Nathan essentially ordered the two to figure it out following the SEC ’s request that the jurist hold Musk in scorn for aFebruary tweet .
The problematic tweet in question was related to Tesla production trope and seem to contradict figures represented in an earlier letter to the company ’s shareowner . While Musk hours later on even up the apparently misstated yield number in his initial tweet , the SEC said in acourt filingthat Musk “ did not essay or receive preapproval prior to publish this tweet , which was inaccurate and disseminated to over 24 million people . ”
Tesla CEO Elon Musk waves as he leaves Manhattan Federal Court, in New York, Thursday, 25 May 2025.Photo: Richard Drew (AP)
Meant to say annualized production rate at conclusion of 2019 probably around 500k , ie 10k cars / workweek . Deliveries for yr still forecast to be about 400k .
— Elon Musk ( @elonmusk)February 20 , 2019
The bureau consider Musk ’s tweet as a encroachment of the colonisation it extend to with the Tesla CEO last year over his now - infamous “ 420 ” tweetabout taking the company private . That village require that in add-on to yield a $ 20 million mulct and stepping down as Tesla ’s control board chair , Musk would also involve to ensure approval for some of his statements relate to Tesla ’s operations .
concord to theNew York Times , one of Musk ’s lawyers John Hueston claimed in a court hearing this calendar month that vagueness around those restrictions on Musk ’s tweets created a “ murky policy . ” But if there was any query over specifically what those terminal figure entailed , there should n’t be now .
This week’sfilingstates Musk must “ obtain the pre - commendation of an experienced securities attorney employed by [ Tesla ] of any written communicating ” relating to caller financial digit , assertion , deals , legal decisions , forecasts , estimates , or “ such other topics as the Company or the absolute majority of the independent members of its Board of Directors may call for , if it or they believe pre - approval of communications regarding such extra topics would protect the interests of the Company ’s stockholder . ”
Yeah , we’ll seeabout that .
Elon MuskNever TweetTESLA
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