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After Tesla CEO Elon Musk alleged ‘unrelenting investigation,’ SEC pushes back

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Elon Musk, chief executive officer of Tesla Inc., speaks to members of the media while departing from federal court in New York, U.S., on Thursday, April 4, 2019.

Natan Dvir | Bloomberg | Getty Images

The Securities and Exchange Commission submitted a letter to a federal judge on Friday responding to allegations by Tesla CEO Elon Musk that the agency had “broken promises” and engaged in a “pattern of conduct” amounting to harassment after an earlier settlement agreement.

In September 2018, the SEC charged Musk with making “false and misleading” statements to investors after he announced via Twitter that he had secured funding for a private buyout of Tesla at $420 a share. Following his…



Source cnbc.com

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