Tesla shares fall on Elon Musk ‘stock price too high’ tweet [TechCrunch Blog]
Tesla, Inc. (TSLA)
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Source: TechCrunch Blog
TeslaU.S. Securities and Exchange CommissionTesla shares fell nearly 12% in the half hour following his stock price tweets — just one of many sent out in rapid fire that covered everything from demands to “give people back their freedom” and lines from the U.S. National Anthem to quotes from poetDylan ThomasThe SEC declined to comment on whether this was a violation of a settlement agreement. Tesla did not respond to a request for comment.The meltdown onTwitterSpaceXTesla stock price is too high imoElon MuskMay 1, 2020Musk’s tweet comes almost exactly a year after hereached a settlement agreementUnder that agreement, Musk can tweet as he wishes except when it’s about certain events or financial milestones. In those cases, Musk must seek pre-approval from a securities lawyer, according to the agreement filed in April 2019 with Manhattan’s federal court.Musk is supposed to seek pre-approval if his tweets include events regarding the company’s securities, including his acquisition or dis
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