Wednesday , November 13 2019
Home / africa / Elon Musk pays the price for messing with the feds

Elon Musk pays the price for messing with the feds

They include statements about Tesla's financial condition, proposed or potential offers (remember that Saudi Arabia is private again), production numbers, performance projections, financing or loans, and even Musk's own transactions in company bonds . Tesla's board of directors will also have the right to seek approval for additional topics if they believe this is in the best interest of the shareholders.

Basically, the agreement clarifies details of the previous one that Musk allegedly violated and also puts more restrictions on its use of Twitter. "Any attempt by Musk to circumvent the lawsuit will be much more easily policed," said Mike Diamond, a professor of securities law at the University of Santa Clara. "It really could have been a lot worse for him," he added. "The consequences of messing with the SEC may have been much worse for him and the company."

Source link