first_img Car Industry 50 Photos Review • Tesla Model 3 Review: Performance trim Tags Elon Musk Preview • 2018 Tesla Model 3 Performance: The future, quicker Enlarge ImageElon Musk appeared pretty happy after leaving federal court in April, even though he’s still subject to oversight on some potential tweet material. Spencer Platt/Getty Images Elon Musk and the US Securities and Exchange Commission may have finally quashed their beef, with Musk avoiding a contempt charge, but that doesn’t mean every SEC commissioner is on board with the final deal.Musk and the SEC reached an agreement Friday over what public statements require legal oversight before posting. Yet, a statement from SEC commissioner Robert Jackson shows that there is some dissent within the group’s ranks.”Given Mr. Musk’s conduct, I cannot support a settlement in which he does not admit what is crystal clear to anyone who has followed this bizarre series of events: Mr. Musk breached the agreement he made last year with the Commission — and with American investors,” Jackson said Tuesday in a statement.The settlement, which was publicized shortly after both parties asked a federal judge for an extension in negotiations, added clearer and more enforceable language regarding what Musk can and can’t tweet without requiring the green light from a securities lawyer. The agreement, which can be read in full below, forbids Musk from oversight-free public comments (read: tweets) about production or delivery numbers, comments on the company’s financial health, new lines of business unrelated to current lines of business and more. Musk first ended up in hot water with the SEC after his infamous “funding secured” tweet, in which he claimed Tesla had secured the dough to go private at $420 per share. That never happened, and the SEC eventually filed a lawsuit against Musk, alleging securities fraud. That happened late in 2018, but Musk again found himself in the SEC’s crosshairs in early 2019, after the SEC alleged a couple tweets about production numbers were enough for a contempt charge. Last week’s settlement means Musk has avoided the charge, but that doesn’t mean the SEC won’t keep a watchful eye on his Twitter account for a long time to come. 2020 BMW M340i review: A dash of M makes everything better Post a comment 2020 Kia Telluride review: Kia’s new SUV has big style and bigger value Tesla Model 3 barrels through the snow in Track Mode More From Roadshow 2020 Hyundai Palisade review: Posh enough to make Genesis jealous 0 Tesla Share your voice More about 2018 Tesla Model 3 Performancelast_img

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