Tesla said it received a subpoena from the U.S. Securities and Exchange Commission related to a 2018 settlement that required vetting of CEO Elon Musk’s tweets on material information about the company, according to a Feb. 7 filing. The subpoena was issued by the SEC on Nov. 16, shortly after Musk asked his followers on Twitter if he should sell 10 percent of his stake in the electric car maker, triggering a stock selloff. Tesla was hit by a lawsuit by private investors in December, claiming that the same November tweet on stock sales devalued their shares. The company’s shares had fallen by nearly a quarter since the tweet. According to Tesla’s filing, the SEC is seeking information on the company’s “governance processes around compliance with the SEC settlement, as amended.” The South African billionaire has been in a widely publicized feud with the SEC since 2018, when he settled a …
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