Mouska's tweet damaged investors Tesla. Visionary agreed to a fine of a hundred years



Musk was surprised at the beginning of August by the financial markets when he wrote on his Twitter account that he is considering acquiring Tesla and withdrawing his shares from public trading.

Washington – American electric car manufacturer Tesla and its CEO, Elon Musk, have agreed to negotiate a deal with Musket Tweet with the US Securities and Exchange Commission (SEC) in early August, reporting on a possible withdrawal from the stock market. Tesla and Musk each pay $ 20 million (443.5 million), and Musk has to resign as chairman of the board of directors, but remains the general manager. She informed the SEC.

Musk was surprised at the beginning of August by the financial markets when he wrote on his Twitter account that he is considering acquiring Tesla and withdrawing his shares from public trading. He added that he had money for his plan and that he would offer $ 420 for each share. Later, however, he said that he is still negotiating with potential investors and that no agreement has yet been made. Musk has 22 million followers on Twitter.

The SEC on Thursday filed a lawsuit stating that the statement on the Tesla acquisition and the inclusion of shares had no real basis, was untrue and misleading, and led to chaotic stock markets and damaged investors.

Musk must now resign within 45 days as chairman of the Tesla Board of Trustees and can not be re-elected for the position in the next three years. Tesla will have to appoint two independent directors in its management. The SEC initially demanded that Musk retire from the management of the company and it is forbidden to hold a high position, not only at the head of Tesla, but also at the head of another listed company. According to many investors, the departure of Muska from Tesla would be a disaster for a loss-making manufacturer of electric cars.

Tesla SEC has accused the lack of controls and procedures for publishing mussel tweemplates. According to the committee, the company has no procedures to determine whether the Musk tweets contain information that must be published in the stock overview of the company, or whether they contain complete and correct information.

Musk or Tesla has not admitted or denied the SEC's findings in the settlement, wrote Reuters.

The share price of Tesla fell by almost 14 percent on Friday. She recorded the sharpest one-day decline in almost five years. The market value of Tesla decreased by approximately $ 7 billion as a result of this decline.


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