Elon Musk threatened with SEC sanctions for failing to appear in court [TechCrunch]
Tesla, Inc. (TSLA)
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Source: TechCrunch
In a filing today, the U.S. Securities and Exchange Commission (SEC) said that it intended to seek sanctions against Musk after Musk skipped a court-ordered appearance in San Francisco federal court on September 10. Per the filing, Musk didn't notify the SEC that he wouldn't be appearing until just three hours before his testimony was set to begin. “The Court must make clear that Musk's gamesmanship and delay tactics must cease,” the filing reads. Musk instead spent September 10 overseeing the launch of Polaris Dawn, a spacecraft made by his space exploration company, SpaceX, according to the filing. The SEC's legal counsel offered to reschedule Musk's hearing to the following day, September 11. But Musk's attorney declined, agreeing only to court dates in October. The SEC is seeking “meaningful conditional relief” if Musk doesn't appear in court in October. The agency also signaled that it plans to file a sanctions motion against Musk to recoup its travel costs for the cance
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TSLA
News
- SEC is unhappy that Elon Musk did not give testimony to the financial regulator to attend a SpaceX launch [Business Insider]Business Insider
- SEC says Elon Musk should be sanctioned if he keeps dodging Twitter depositions [CNBC]CNBC
- SEC will seek sanctions against Elon Musk in Twitter probe over failure to appear in court [FOX Business Network]FOX Business Network
- Elon Musk didn't show up for testimony in a probe over his $44 billion Twitter takeover. Now the SEC wants sanctions [CNN]CNN
- Elon Musk didn't show up for testimony in a probe over his $44 billion Twitter takeover. Now the SEC wants sanctions [CNN]CNN
TSLA
Earnings
- 7/23/24 - Beat
TSLA
Sec Filings
- 9/9/24 - Form 4
- 7/29/24 - Form 4
- 7/25/24 - Form 144
- TSLA's page on the SEC website