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Elon Musk: Tesla boss mocks US regulator days after settlement
Source: BBC
Elon Musk: Tesla boss mocks US regulator days after settlement
5 October 2018
Elon Musk has mocked a US financial regulator just days after reaching an agreement with it over fraud charges.
The Tesla boss tweeted the "Shortseller Enrichment Commission", as he dubbed the Securities and Exchange Commission (SEC), was doing "incredible work".
Last weekend Mr Musk agreed to step down as Tesla chairman and pay a $20m (£15m) fine over tweets that he had funding to take Tesla private.
The deal followed the SEC's decision to sue him for alleged securities fraud.
The SEC declined to comment on Mr Musk's latest tweet.
-snip-
5 October 2018
Elon Musk has mocked a US financial regulator just days after reaching an agreement with it over fraud charges.
The Tesla boss tweeted the "Shortseller Enrichment Commission", as he dubbed the Securities and Exchange Commission (SEC), was doing "incredible work".
Last weekend Mr Musk agreed to step down as Tesla chairman and pay a $20m (£15m) fine over tweets that he had funding to take Tesla private.
The deal followed the SEC's decision to sue him for alleged securities fraud.
The SEC declined to comment on Mr Musk's latest tweet.
Link to tweet
-snip-
Read more: https://www.bbc.com/news/business-45754299
