Elon Musk is in trouble for another tweet—and this time, the SEC is seeking a ruling that revives the possibility that he could lose his Tesla CEO job
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The regulator asked a federal judge to find the billionaire entrepreneur in contempt of an October settlement reached after the agency sought his removal as CEO and chairman last year for a tweet about a funding deal that proved ephemeral. Under the terms of that agreement, Musk was supposed to have any possibly market-moving tweets vetted — a process he publicly dismissed.
During the conference call, Colin Rusch, an equity analyst with Oppenheimer, asked Musk to"talk a little bit about the geographic dispersion for the guidance for 2019, where you're expecting the Model 3s to sell through as well as the other models?"Deepak Ahuja, Tesla's outgoing CFO, said,"We indicated in Q1, we will start delivering Model 3s in Europe and China.
That reference support his amended February 19 tweet, but not the first that said Tesla would"make around 500k in 2019."
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