Elon Musk takes swipe at SEC on heels of fraud settlement

Wil James Murdoch be the new Chairman of Tesla?

'Just want to [say] that the Shortseller Enrichment Commission is doing incredible work. And, why not? It should be noted that Tesla has just completed its third quarter and Musk promised that the company would deliver a profit this time.

However, the next day, Tesla's attorneys were back at the SEC requesting them for a second chance, this time with Musk's "grudging approval", the paper said. Tesla didn't immediately respond to requests for comment.

SEC charged the executive with securities fraud which led to the settlement in which Musk must pay $20 million and Tesla must also cough up a further $20 million.

Tesla CEO Musk may have settled with the U.S. Securities and Exchange Commission over that August tweet claiming he had the funds to take his electric vehicle company private, but that hasn't stopped the eccentric billionaire from tweeting.

The SEC, whose @SEC_News Twitter handle has about 251,000 followers to Musk's more than 22.8 million, is also active on the messaging service but has refrained from posting about Musk or Tesla since last weekend's settlement.

At this point, it's unlikely the SEC will seek to modify the settlement, which allowed Musk to remain at the helm of the company while stepping down as chairman.

Musk and the SEC came to an agreement late last week to settle charges alleging that the billionaire had defrauded investors in statements relating to an August 7 tweet about bringing the company private with "funding secured".

Avengers 4: Chris Evans Says Goodbye to Captain America
Evans being written out of the franchise might not be a sure thing, as the actor is known to be a social media hype master. Evans first played Steve Rogers, also known as Captain America , in " Captain America : The First Avenger " in 2011.

He compared several of CEO Elon Musk's recent actions to Lehman's threats toward short sellers and refusals to raise capital.

FBN's Charlie Gasparino on the reports that Tesla CEO Elon Musk could help select the company's new directors and chairperson. His claim that he'd secured funding to take Tesla private was an "obvious and stupid" fraud. "The vast majority of settlements like this are approved by courts".

Thomas Gorman, a partner at Dorsey & Whitney in Washington, DC, said Musk might argue that the latest tweet might be a mere "personal lament", and not a violation of the settlement.

In other news, Consumer Reports said the Cadillac Super Cruise was the top-rated partially automated driving vehicle over Tesla because it does the best job of balancing high-tech capabilities with ensuring that the auto is operated safely and that the driver is paying attention.

In a tweet posted on Thursday, Musk seemed to accuse the SEC of helping shortsellers get rich.

As part of the agreement, the SEC also required that Tesla implement "additional controls and procedures to oversee Musk's communications".

Related news:

Hot News

isis-killer-beheading-video-story-top Pep Guardiola confirms shock team news ahead of Liverpool clash
Oct 07, 2018 - 02:53
Liverpool have lost only seven of the last 36 league meetings home and away between the sides, and nine of the last 51. Now we will have three days together until we play City and (we could) make the boys aware of what was all wrong.

isis-killer-beheading-video-story-top US First Lady Melania Trump wraps up solo African tour in Egypt
Oct 07, 2018 - 02:15
She closed her tour in Egypt by touring the pyramids and the Great Sphinx to highlight US -backed preservation efforts there. Trump said she didn't hear the president make the remarks and that none of her hosts during the trip brought up the topic.

isis-killer-beheading-video-story-top Key Senators Undecided as Senate Poised to Vote on Kavanaugh
Oct 06, 2018 - 13:27
Capitol Police have begun arresting about 300 protesters who staged a sit-in on the floor of a Senate office building's atrium. The individuals interviewed had potential firsthand knowledge of the allegations of sexual misconduct against Kavanaugh.

isis-killer-beheading-video-story-top Jadeja hits debut ton as India declare on record 649-9
Oct 06, 2018 - 13:05
Kohli, who started on his overnight score of 72, got to his hundred in his 123rd innings with a boundary off Bishoo. They trail India by 555 runs and the hosts will fancy themselves to bowl them out twice by day three.

isis-killer-beheading-video-story-top Kershaw, Dodgers blank Braves for 2-0 NLDS lead
Oct 06, 2018 - 12:36
Atlanta have lost eight straight series openers in the playoffs and have not won a Game 1 since 2001. He won't rest on his laurels for this one start. "Yeah, maybe", Kershaw said behind a smile.

isis-killer-beheading-video-story-top Who gets to see Kavanaugh FBI report?
Oct 06, 2018 - 12:33
Senators were allowed to read it behind closed doors in a secure location in the Capitol, without taking notes or making copies. Judge Kavanaugh, meanwhile, expressed regret for his angry testimony before the Senate Judiciary Committee a week ago.

isis-killer-beheading-video-story-top Disbarred lawyer suspected of shooting officers in fatal SC standoff
Oct 06, 2018 - 12:33
The sheriff says he should be released from the hospital Friday after suffering a head injury. "Fire was being shot all over". Two sheriff's deputies are in critical condition, Chief Deputy Glenn Kirby said, and the third is in stable condition.

isis-killer-beheading-video-story-top Cesc Fabregas wishes Maurizio Sarri had arrived at Chelsea sooner
Oct 06, 2018 - 12:25
I think very well in the last 30 minutes in Greece and very well for 90 minutes in Liverpool. But I'd love to stay at the club. 'I've been very happy for the last four years and a half.

isis-killer-beheading-video-story-top Head of Interpol, Meng Hongwei, missing after China trip
Oct 06, 2018 - 12:23
The 64-year-old was elected president of Interpol in November 2016 and his term is due to run until 2020. Before taking over at Interpol , Meng Hongwei was deputy minister in charge of public security in China.

isis-killer-beheading-video-story-top New NAFTA Deal Not The Huge Win Trump Claims
Oct 06, 2018 - 12:03
MARK STEPHENSON: Canada began to produce more skim milk powder under this Class 7 and sell that product overseas. It's not only American dairy farmers who are getting more access to the Canadian market.

isis-killer-beheading-video-story-top SCOTUS Nominee Kavanaugh Accused of Throwing Ice at Man in 1985
Oct 05, 2018 - 01:34
Ludington said Dudley took a pint glass or beer bottle and smashed it against the man's head. Kavanaugh did not want "to say if he threw the ice or not", reads the report.

isis-killer-beheading-video-story-top Law Enforcement Officer Reported Dead, 4 Others Injured in South Carolina Shooting
Oct 05, 2018 - 00:59
Hopkins is now still at the hospital, and reportedly has a head injury and isn't able to speak to officers. The TV station also cited Kirby as saying a 20-year-old man who was shot inside a house was still alive.

isis-killer-beheading-video-story-top Chilling Adventures of Sabrina Trailer Netflix
Oct 04, 2018 - 02:00
Hit PLAY on the trailer above, then drop a comment with your thoughts below: Will you join Sabrina on her Chilling Adventures? The new series, that comes from the people behind the CW's hit teen drama, Riverdale arrives October 26 on Netflix.

isis-killer-beheading-video-story-top Duke and Duchess of Sussex visit Chichester, Bognor, Brighton and Peacehaven
Oct 04, 2018 - 01:49
Afterwards they will visit the nearby Survivors' Network, a charity that supports victims of sexual violence and abuse. Harry and Meghan then visited the coastal town of Peacehaven, where they met youngsters at the JOFF Youth Centre.

isis-killer-beheading-video-story-top Saudi King wouldn't last 'two weeks' without USA support
Oct 04, 2018 - 01:08
Trump's sanctions on Iran's oil industry take effect in early November. "You have to pay for your military, you have to pay'". Would you say they are rich? Trump made Saudi Arabia his first stop on his maiden worldwide trip as president past year .