Tesla boss Elon Musk wants to backtrack on an agreement he signed with the US stock watchdog SEC. That agreement requires him to submit messages directly related to Tesla’s activities to a lawyer for approval before disseminating them via social networks.
The CEO of the electric car manufacturer Tesla has caused controversy on Twitter several times in the past. He asked a judge in New York on Tuesday to cancel his deal with the SEC.
“The SEC wants to silence my client,” Alex Spiro, a billionaire attorney, said in a letter to the judge. The requirement to first approve posts was one of the sanctions the SEC imposed on Musk after a tweet he sent in 2018. In which he stated that he had the necessary funding to take Tesla off the stock exchange, without providing proof. to deliver.
After another unfortunate tweet in early 2019, Musk had agreed that his messages directly related to Tesla must be pre-approved. Musk, however, today believes that he was “obliged” to that agreement by the threats of a lawsuit from the SEC.
“I have never lied to shareholders. I will never lie to shareholders. I have agreed (with the SEC) for Tesla’s survival, in the interest of shareholders,” Musk said. The SEC has not yet commented on the news.
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