Tesla is under scrutiny by federal regulators over Elon Musk’s tweets!
Musk's older tweets are gaining traction- for all the wrong reasons!
Yet again, Elon Musk’s Twitter antics have landed both him and Tesla in hot water with US federal regulators. Musk’s older tweets, dating back all the way to 2018 and stated that Musk had found enough funding to make Tesla a private company.
Musk has been battling with the SEC since what seems to be forever, and the most recent subpoena sent to him was on November 16th last year. This was in response to a tweet from a few days before, wherein Musk asked his many followers if he should sell 10% of his stake in Tesla.
Much is made lately of unrealized gains being a means of tax avoidance, so I propose selling 10% of my Tesla stock.
Do you support this?
— Elon Musk (@elonmusk) November 6, 2021
No comments were made about the same by Tesla, who famously remain mum almost everytime they’re in the news! Their share prices fell yet again, and no further comments were made by anyone from the company. Elon’s laid-back and chilled attitude to business is loved by people the world over, however the same can’t be said about the governing bodies, who often levy charges and legal notices on him for mistreating the gravity of situations in the manner he does!
