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Tesla Elon Musk, SEC wants more time to reach an agreement



Elon Musk, CEO of Tesla Inc., smiles as he speaks to members of the media outside the federal court in New York, USA on Thursday, April 4, 2019.

Nathan Drew Bloomberg | Getty Images

Elon Musk, CEO of Tesla Inc., smiles as he speaks to members of the media outside the federal court in New York, USA on Thursday, April 4, 2019.

Chief Executive Officer Tesla Elon Musk and the US Securities and Exchange Commission yesterday called for a second delay and asked to file another joint submission to the court on or before April 30, indicating whether they had reached an agreement to settle a dispute over the use of Twitter by Musk , the two parties said in a court filing.

The SEC, in February, is trying to find Musk in its disrespect for fraud last year after the Chief Executive Officer wrote details of Tesla's production numbers that were not checked by electric vehicle attorneys.

Instead, US District Court Judge Alison Nathan in Manhattan instructed Musk and SEC to try to resolve the dispute themselves. The countries have already requested an extension.

The SEC sued Musk last year for fraudulent statements after he posted on his blog on August 7 that he had received "funding" to take private Tesla at a price of $ 420 per share. The countries later settled down, and Musk agreed to step down as chairman and get the company's lawyers to approve in advance written communications, including material tweets about the company. Musk's lawyers say the February tweet does not contain new information that is important to investors.


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