Musk is currently at risk of being held in contempt for violating his fraud settlement with the U.S Securities and Exchange Commission.
A decision a Federal Judge has come to today, ordering the Tesla Inc Chief Executive to explain the reasons why he shouldn’t by the 11th of March.
Read more about it here below
This resulted from Musk referring to the SEC as “broken” after defaulting on the regulator’s request. According to regulators, Musk violated his October 2018 settlement by tweeting without getting approval from his lawyers
Since the outburst, Tesla Inc. has lost one-quarter of its value in stock since August driving investors up the wall.
Some have suggested that Larry Ellison a major shareholder in Tesla will need to find a way to curb Musk’s ‘Tweetapades’.
Here is someone else who is very famous for his mindblowing tweets, can you guess?