E

Elon Musk isn’t done with the SEC just yet

Days after announcing a settlement with the SEC that cost ELon Musk $20 million as well as a his chairman spot being revoked from the company board, Elon Musk is back again on Twitter going after the SEC.

Musk tweeted “Just want to (say) that the Shortseller Enrichment Commission is doing incredible work. And the name is so on point!” He is definitely not happy with how things have progressed with the SEC. To remind everyone, the Securities and Exchange Commission went after Musk and accused him of “false misleading public statements and omissions” because he tweeted about having “funding secured” to take Tesla private.

He seems to be going after the SEC, again. Could this pose more problems for him in the future? At this point, it’s anyone’s guess. It’s worth mentioning that as a part of Musk’s settlement, “Tesla will establish a new committee of independent directors and put in place additional controls and procedures to oversee Musk’s communications.”

While the SEC and Musk have reached settlement, it’s not a done deal yet because it has to be approved by a federal judge, per Wall Street Journal’s report.

CategoriesBusiness Tesla
Hamza Khalid

Hamza Khalid is the Lead Editor at The Jolt Journal. You're more than welcome to follow him on Twitter and follow The Jolt Journal on Twitter and Facebook. If you have any questions, concerns, or need to report something in this article, please send our team an email at [email protected] This story may be updated at any time if new information surfaces.

At The Jolt Journal, no one tells us what to write or how to write it. This is why, in the era of lies and bias, readers turn to an independent source. Rest assured, all information on our website is free of any bias or influence. If you see anything wrong with a story, please don't hesitate to reach out. We do our very best to report on the latest available information.

Leave a Reply