Defiant Musk Sends Out Other Controversial Tesla Tweet


If they can't, she'll rule whether Musk is in contempt.

In a tweet followed by the earlier one, Musk said these changes will be implemented starting May 1st.

A federal judge in NY has given Musk and the U.S. Securities and Exchange Commission until April 18 to rework an agreement governing how the CEO posts information about Tesla on social media.

The order comes after Nathan urged both sides to agree at a hearing on Thursday in NY that Musk attended.

After Nathan encouraged both sides to agree that Musk attended, the order comes.

The SEC states Musk violated the settlement when he tweeted without the approval of a lawyer about Tesla's automobile production in February. The agency contends that Musk hasn't sought the lawyer's approval for a single tweet.

SEC attorney Cheryl Crumpton recommended fines for Musk if Nathan finds him in contempt of the October settlement.

Elon Musk and the SEC are in negotiations at the direction of a judge to set acceptable controls on his tweeting. The portfolio manager for Tesla's largest shareholder after Musk said the CEO may better serve the company by being less outspoken.

Authorities concluded he hadn't lined up the money to pull off the deal, although musk backed the idea of taking the business private.

Tesla is also upgrading the FSD computer in all of its cars soon, and will even retrofit cars that have FSD with the new computer should the owner requests it. Electrek notes, however, that it's unclear if all cars are getting the new computer or not.

"We have always believed that we should be able to work through some discussions directly with the SEC, as opposed to prematurely rushing to court", he said. That tweet, last August, sent the company's stock on a wild ride.

Both the Panasonic and the next-12-months production tweets are noteworthy in light of the settlement that sprang from Musk tweeting in August of past year about trying to take Tesla private.

The tweet that prompted the SEC move said that Tesla will manufacture half a million cars this year.