Elon Musk is not allowed to post news about Tesla on Twitter by himself

Under the agreement signed by Musk in 2018 with the US Securities and Exchange Commission (SEC), any content posted on social media related to Tesla must be posted by the company’s attorney, not this man himself.

Mr. Musk is more likely to own Twitter and promote the idea of ​​free speech. Therefore, he asked to terminate the above agreement. However, the federal judge in New York (USA), who once ruled the case, still refused.

In 2018, Mr. Musk posted information that financial regulators deemed “false and misleading”, saying that he was “thinking of taking Tesla private at $420 a share and loans are guaranteed”. receive”.

Soon after, Tesla shares rose more than 6% in value, but sold off again a few weeks later, causing significant damage to investors. Mr. Musk had to pay a fine of 20 million USD (equivalent to 460 billion VND). He himself had to leave the chairman’s chair in 3 years.

In addition to denying Mr. Musk’s request, the federal judge in New York also said that, even with the right to free speech and own Twitter, Mr. Elon Musk is still not allowed to report information that leads to “misunderstanding or deceit” under securities law.

As for the judge himself, the American press confirmed that he also invested in securities, but at the time of making the above rulings, he did not hold Tesla shares.

Why does Elon Musk want to take over Twitter?

VTV.vn – Elon Musk’s statements show that the main goal of the Twitter acquisition is to turn this social network from a public company to a private company.

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