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Elon Musk may lose his freedom of speech because of blatant tweets on Twitter

According to Reuters, the US Securities and Exchange Commission (SEC) has urged federal judges to clamp down on billionaire Elon Musk’s use of Twitter based on settlement agreements in 2018.

“When it comes to civil settlements, an agreement is still an agreement. Nothing has changed from what was previously announced… When Tesla uses Musk’s Twitter account to provide information to investors, the SEC will have the power to investigate their legitimacy.” SEC representative said.

In a filing in Manhattan federal court, the SEC said billionaire Elon Musk did not comply with the agreements in 2018, arbitrarily posted Tweets without consulting an attorney. The agency also urged Judge Alison Nathan to ignore Musk’s attempt to rescind the subpoena related to last November’s probe into the sale of 10% of Tesla stock.

In response, Elon Musk argued that having to wait for a lawyer to review was “more inconvenient than he thought” and hoped the SEC would stop investigating Tesla’s disclosure procedures.

HOT: Elon Musk may lose his freedom of speech because of bluffing tweets on Twitter - Photo 1.

Elon Musk hopes the SEC will stop investigating Tesla’s disclosure procedures.

Currently, Alex Spiro, the personal lawyer of Elon Musk and electric car company Tesla, has not yet made any comment. Legal experts believe that this incident makes it difficult for billionaire Elon Musk to circumvent the law again.

Elon Musk’s controversy with the SEC stems from the regulator’s statement that the Tesla CEO misled investors on August 7, 2018. At the time, Musk posted on Twitter, claiming that he had “guaranteed funding” to take Tesla private, but in reality, the transaction was not completed. Tesla then agreed to pay a $ 20 million fine to the SEC, while Elon Musk accepted to leave the chairman chair as a way to appease public opinion.

After that, the Tesla CEO repeatedly accused the SEC of “harassing” him with constant investigations to try to punish the freedom of speech on Tweets. In response, the SEC argued that it had great authority and “legitimate purposes” to investigate both Elon Musk and Tesla.

“Elon Musk complains about the number of SEC investigations and calls it harassment. However, considering the violations that Musk and Tesla have committed, the requests made by the SEC are completely legitimate,” the SEC representative said.

HOT: Elon Musk may lose his freedom of speech because of bluffing tweets on Twitter - Photo 2.

Elon Musk and US President Joe Biden repeatedly attacked each other on Twitter

Not only freely speaking about Tesla shares and many memes, Elon Musk previously used Twitter to publicly “sarcastic” US President Joe Biden after repeatedly “beautiful” the leading electric car company in the world. gender.

He called President Biden a “puppet”, saying that this leader was “dominated by the union”, especially after the Joe Biden administration proposed a stimulus package for electric vehicles, but only applied to those Buyers car manufactured by union.

According to: Reuters



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Vu Anh

By Business and Marketing

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