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SEC letter claims Tesla failed to monitor Musk's tweets



(Reuters) – A US securities watchdog told Tesla Inc. last year that CEO Elon Musk's use of Twitter had twice violated a deal that required his tweets to be pre-approved by corporate attorneys, the Wall Street Journal reported on Tuesday.

The US Securities and Exchange Commission had ordered the electric car manufacturer to veterinarian all the essential public communications that Musk made about Tesla, after Musk's tweet in August 2018 that he had "financed" to possibly take Tesla privately in a $ 72 billion transaction.

In correspondence sent to Tesla in 2019 and 2020, the SEC said that tweets that Musk wrote about Tesla's sunroof production volumes and that its share price had not been approved in advance by Tesla's lawyers, the newspaper reported, citing communications records that have not been previously reported.

"Tesla has waived the information required by the court's decision," the WSJ reported, citing a letter signed by a senior SEC official.

The SEC and Te sla were not immediately available for comment. Catalog

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