Crypto-Follow logo Crypto-Follow logo
Seeking Alpha 2022-02-07 15:56:09

Tesla gets subpoena from SEC over settlement violation in 2018 - Reuters

The Securities and Exchange Commission subpoenaed electric-vehicle maker Tesla (NASDAQ:TSLA) over a settlement that required founder and CEO Elon Musk's tweets to be investigated, Reuters reported, citing a disclosure in an annual filing with the SEC. The subpoena came after Musk ignited a selloff in TSLA stock after asking his Twitter (NYSE:TWTR) followers in November if he should liquidate 10% of his TSLA stake, Reuters said. The SEC's latest action added to Tesla's (TSLA) regulatory pressure regarding auto recalls and investigations in its driver assisting software. In December the Department of Justice asked TSLA to provide the agency with information regarding Musk's prior statement that he considered taking Tesla private, in addition to Model 3 production rates, according to the company's 2021 annual report. With regards to Tesla's bitcoin (BTC-USD) holdings, the company held $1.99B worth of BTC as of Dec. 31, 2021, Reuters reported. It registered about $101 million

#
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer