Monday , September 21 2020
Home / austria / Tweiz Cases: Musk and the US Securities and Exchange Commission agree

Tweiz Cases: Musk and the US Securities and Exchange Commission agree


New York – The boss of Tesla, Elon Musk, needs to adjust Twitter's much-needed borderline agreement with the US Securities and Exchange Commission. The competent judges list the agreements that are still to be approved regarding the price of the stock. These include financing, production goals, purchases and mergers. In these cases, Musk needs to approve a lawyer, as can be seen in the article published on Friday.

Last year, SEC and Musk agreed that Tesla's chief should release all tweets that correspond to pricing. However, it was not clear how the news that will be decided could affect Tesla's share price. So, no single Tweet Musk was previously verified.

Conflict rose again in February when Musk Tesla announced the construction of 500,000 vehicles in a tweet this year. The official announcement of the company was 400,000 cars – and Musk a few hours later realized that the annual production rate was at the end of 2019. The SEC saw that the tweet had violated the agreement last year, and the contempt of the court demanded a penalty. Tesla denied that the statement was price sensitivity.

In the last three months report, a few days ago, Tesla could produce 500,000 vehicles this year, if the new Shanghai factory rose in the fourth quarter. The forecast for delivery was, however, 400,000.

The original liquidation happened last year, when Musk's Twitter annoyed investors with Tesla's Tesla recovery plans, he said, as a result of which SEC demanded to manipulate it on the market. For the time being, the oversight authority wanted to ban Musk CEO. After deciding on the compromise, Musk says he had to preside over the company's committee for several years. (AP)

Source link