Arstechnica | Elon Musk’s newest protection: Tesla says my tweets had been kosher
Elon Musk has filed one other spherical of arguments in his month-long battle with the Securities and Change Fee over a February 19 tweet about Tesla’s manufacturing targets.
As a part of a September settlement, Musk promised to get sign-off from Tesla legal professionals for any tweets that “include, or fairly might include” materials info—authorized jargon for info that is important for folks buying and selling Tesla’s inventory. The SEC argues that Musk’s February tweet, stating that Tesla would produce “round 500okay” automobiles in 2019, violated that requirement.
Musk disagrees. He argues that he was merely repeating Tesla’s earlier manufacturing estimates. And he insists he was entitled to make use of his personal judgment to find out the data was not materials—and due to this fact did not require pre-approval by Tesla’s legal professionals.
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