A US judge has tentatively ruled that Elon Musk must testify again in the SEC’s ongoing investigation
The ruling follows concerns over Musk’s compliance with a previous settlement agreement with the SEC, which required his tweets about Tesla to be pre-approved by company lawyers.
The judge’s decision suggests a reevaluation of Musk’s adherence to regulatory requirements and underscores the SEC’s vigilance in monitoring his public statements.
The original settlement in 2018 stemmed from Musk’s tweets claiming he had secured funding to take Tesla private, which led to allegations of market manipulation and resulted in a multimillion-dollar fine for the CEO.
As the SEC continues to review Musk’s social media activities, this ruling could have broader implications for corporate leaders navigating the intersection of personal expression and regulatory compliance.
