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Musk agreed with the stock exchange supervision how he would use Twitter



Again, this February, when Musk said on Twitter that Tesla will produce 500,000 cars this year, the dispute over US stock market surveillance has flared up. The company forecasted only 400,000 cars.

Tesla Chief Elon Musk has agreed with the US Securities and Exchange Commission on how to use Twitter.

The agreement reached on Friday (26 April), the evening still to be approved by the judge, will determine precisely what kind of information will require a formal and legal assessment. Topics that may affect the course of Tesla's shares include, for example, finance, production goals, takeovers, or mergers. If Musk wants to comment on Twitter, he will first need a lawyer's approval.

Already last year, Musk and the SEC agreed that Tesla's boss would have to approve all his comments on Twitter, which could affect the company's stock price. However, at that time, it was not determined how specifically it would be decided whether the reports could have an impact on the Tesla Stock Exchange. It turned out that no Fly Tweet has been checked beforehand.

Again, this February, when Musk said on Twitter that Tesla will produce 500,000 cars this year, the dispute over US stock market surveillance has flared up. The company forecasted only 400,000 cars.

A few hours later, Musk made it clear that he was thinking about the full-year production rate that the car maker would reach at the end of 2019. The SEC considered the tweet a breach of last year's agreement and demanded punishment. Tesla denied that it would have an impact on the stock price of her shares.


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