The Atlantic

Elon Musk Isn’t Done Tweeting Yet

The Tesla CEO mocked the SEC in a tweet just days after settling a lawsuit with the agency over a different tweet.
Source: Marcio Jose Sanchez / AP

Over the weekend, Elon Musk and Tesla settled a lawsuit with the Securities and Exchange Commission over a tweet that federal regulators said misled the electric-car company’s investors and agitated financial markets. The agreement compels Musk to step down from his role as chairman of Tesla’s board for three years, but allows him to remain as CEO. It instructs Musk and Tesla to each pay $20 million in fines. And it requires Tesla to establish stricter oversight over Musk’s communications.

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