SEC Asks Manhattan Federal Court to Hold Elon Musk in Contempt

Re:SEC Asks Manhattan Federal Court to Hold Elon Musk in Con... by detaro on Monday February 25, 2019 @07:28PM (#19250905)

Tesla registered his Twitter account as an official channel for such information. That brings with it expectations and obligations, since investors etc now have to read it to be fully informed, and has similar relevance to e.g. official Tesla press releases.

He specifically agreed to have Tesla legal review all such tweets to make sure he doesn't tweet bad information again, and promptly went and ignored that.

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Re:SEC Asks Manhattan Federal Court to Hold Elon Musk in Con... by Aeolun on Monday February 25, 2019 @07:40PM (#19251002)

I don’t think the ballpark estimate 0-500k could possibly be interpreted as accurate/reliable (and by extension, bad) information.

Except by some particularly whiny people looking for an excuse.

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Re:SEC Asks Manhattan Federal Court to Hold Elon Musk in Con... by detaro on Monday February 25, 2019 @07:44PM (#19251036)

He said "around 500k", not "0-500k". And the SEC isn't filing this because he tweeted "bad" information, but because he violated the settlement where he agreed to have Tesla legal review all such tweets, which he didn't do. That he had to correct the numbers just made it obvious that he might have failed to do so.

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