June 24, 2024

Elon Musk accused US regulators of ‘relentless investigation’

2 min read
Elon Musk accused US regulators of 'relentless investigation'

Oh South African millionaire Elon Musk was charged with this Thursday (17) Electric car manufacturer Tesla harassed the Securities and Exchange Commission (SEC) with “relentless” and “endless” investigations. The businessman says it is a punishment for criticizing the country’s government.

The letter, written by Elon Musk and Tesla’s lawyer Alex Cipro, to District Judge Alison Nathan, called for a “text correction”. The Manhattan magistrate headed the SEC settlement on a millionaire’s tweet about buying an automaker in 2018. The agency did not comment on the letter, but will respond by next Thursday (24).


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On that occasion, about four years ago, the American company ordered the entrepreneur to submit its publications on Tesla for greater oversight. This is because he announced that the electric car company would be shut down. For the SEC, he misled investors.

Since then, the Commission has repeatedly stated that prior permission from Tesla employees is required to post about the Musk Company. In November last year, regulators summoned the company and asked for information on administrative processes related to this request.

This time, the millionaire, who frequently uses Twitter, asked his more than 70 million followers if he would like to sell 10% of his Tesla shares. Thus, the prices of papers fell. His posts on the micro blog are constantly moving businesses.

Home of the Tesla factory in Fremont, California, USA
Home of the Tesla factory in Fremont, California, USA. Image: Chandry Photo / Shutterstock

Now, Elon Musk says the Securities and Exchange Commission is making “big efforts” in a court case to oversee his company. He adds that the SEC is counting on freedom of speech to “cool their training”.

“The SEC appears to be subjecting Musk and Tesla to a relentless investigation because Musk is an outspoken critic of the government.

In addition to this CEO position, Tesla still faces lawsuits Racial discrimination Systematic harassment and persecution at the Fremont plant. Oh Department of Fair Labor and Housing Leads the operation in California (DFEH).

Via: Reuters / BBC

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