Musk Taunts SEC After Regulator Alleges He Violated Settlement
Musk Taunts SEC After Regulator Alleges He Violated Settlement
(Bloomberg) -- Elon Musk provoked the U.S. Securities and Exchange Commission less than two hours after the agency asked a judge to hold him in contempt for violating the terms of a settlement reached last year.
The Tesla Inc. chief executive officer wrote that the regulator overlooked a comment he made on the company’s Jan. 30 earnings call that Tesla may sell as many as 500,000 Model 3 sedans this year. The SEC is seeking repercussions for Musk later tweeting on Feb. 19 that the company would make about half a million cars in 2019, then posting a few hours later that deliveries would only reach about 400,000.
To contact the reporter on this story: Craig Trudell in New York at ctrudell1@bloomberg.net
To contact the editors responsible for this story: Craig Trudell at ctrudell1@bloomberg.net, Kara Wetzel
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