A federal judge on Tuesday ordered Tesla Inc Chief Executive Elon Musk to explai...
NEW YORK - A federal judge on Tuesday ordered Tesla Inc Chief Executive Elon Musk to explain by March 11 why he should not be held in contempt for violating his fraud settlement with the U.S. Securities and Exchange Commission.
Lawyers for Tesla and Musk did not immediately respond to requests for comment. Tesla did not immediately respond to similar requests. The SEC declined to comment. He called the latest incident “a wild card that could potentially bring this tornado of uncertainty back into the Tesla story until resolved.”
It also said the outlook contrasted with guidance that Tesla had given on Jan. 30 that it would deliver about 400,000 vehicles in 2019. Four hours after his Feb. 19 tweet, Musk corrected himself, saying annualized production would probably be around 500,000 by year end, with full-year deliveries totaling 400,000.
That followed his Monday night tweet, after the contempt motion was filed, that the “SEC forgot to read Tesla earnings transcript, which clearly states 350k to 500k,” and added: “How embarrassing.”
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Tesla slides after the SEC says Elon Musk violated his settlement with the agencyTesla fell 3.14% to $289.40 a share early Tuesday after the SEC said CEO Elon Musk violated the terms of his agreement with the agency.
Consulte Mais informação »
SEC asks judge to hold Tesla CEO Elon Musk in contempt for violating dealElon Musk and the SEC are battling it out again, with the SEC asking a judge to hold the Tesla CEO in contempt following his tweets on the company's manufacturing numbers. Here's what five experts say to watch next:
Consulte Mais informação »
'How embarrassing': Elon Musk fired back at the SEC in latest fight over Tesla production numbersThe SEC claims Elon Musk violated his settlement with the agency when he tweeted about Tesla's 2019 production numbers.
Consulte Mais informação »
Tesla's Musk ordered to respond to SEC contempt motion by March 11A federal judge on Tuesday ordered Tesla Inc Chief Executive Elon Musk to explai...
Consulte Mais informação »
SEC asks judge to hold Tesla’s Elon Musk in contempt, saying he violated settlement dealMusk didn't comply with a part of the settlement that required Tesla to review his potentially market-moving tweets before they were published, the SEC said.
Consulte Mais informação »
Tesla’s Elon Musk Still Has a Big SEC ProblemWhether Musk likes it or not, the government isn’t done being Tesla’s Twitter watchdog just yet.
Consulte Mais informação »
The SEC's claim that Elon Musk is in contempt of court is highly unusual, a former SEC lawyer saysThe SEC has accused Elon Musk of violating the terms of his settlement with the agency.
Consulte Mais informação »
Is Elon Musk trying to commit ‘suicide by SEC’ by taunting the agency?.hiltzikm writes: 'The most pressing question swirling around Musk’s behavior is: Why?'
Consulte Mais informação »