US electric car maker Tesla has received a new summons from the US Securities Commission to investigate a tweet by founder and president Elon Musk in 2018 about his intention to delist the company’s stock from the stock exchange.
The Securities and Exchange Commission issued a subpoena on November 16 asking for information about Tesla’s governance operations and compliance with the terms of the settlement that the two sides reached in September 2018, Tesla said in a statement to the exchange.
intention to raise interest rates
end of the list
And the Bloomberg News Agency indicated that Tesla had agreed, as part of this settlement, to set controls to monitor Musk’s data, including his tweets on Twitter, after the Securities Commission accused him of manipulating the company’s shares when he said that he had collected the necessary funds to purchase the company’s offered shares. To trade on the stock exchange in order to convert it into a private company.
Elon Musk had sparked controversy in the wake of a poll about selling part of his stake in Tesla, as he asked last November for the opinion of his followers on Twitter in selling part of his stake in the company, where 58% of respondents answered “yes” to selling 10 % of his stake in the company, while about 42 % went to recommend not selling. The value of that stake at the time was more than 20 billion dollars
This comes at a time of increasing pressure on the company after it decided a few days ago to recall about 817,000 cars due to a malfunction in the sound of the seat belt alert device, which could make the driver not realize that the belt is open