An SEC filing reveals Tesla was hit with another subpoena in November 2021. The federal scrutiny over Musk's tweets began in 2018. That missive ended up costing $40 million. 💸 engineering
In August 2018, Tesla CEO Elon Musk posted a very expensive tweet. In announcing he was considering taking the electric automaker private, observers saw it as a way to annoy short-sellers, but the announcement still sent investors scrambling, caused regulators to fine Tesla $20 million, and created a class-action lawsuit that
But federal regulators, who had been watching the CEO's comments on Twitter about his company's finances for years — because of that 2018 tweet and the settlements that stemmed from it — apparently had cause to investigate.
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