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SEC Subpoenas Tesla In search of Data Linked to Elon Musk Settlement

SEC Subpoenas Tesla In search of Data Linked to Elon Musk Settlement

The Securities and Change Fee has subpoenaed Tesla Inc. for details about compliance with a court-ordered settlement requiring an organization lawyer to preapprove sure of Elon Musk’s tweets.

Tesla mentioned in a regulatory submitting made public Monday that the SEC is in search of data on “governance processes round compliance” with a settlement associated to Mr. Musk’s 2018 tweet claiming to have secured funding to doubtlessly take the electric-vehicle maker non-public.

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