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The SEC called the need for Co-ordination topics for Mask on Twitter :: Business :: RBC



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The SEC identified the need to align the Mask to Twitter themes

Authorities in the United States have provided information that Ilon Moscow can not be distributed without prior approval. Businessman accused of violating an agreement with US authorities

Elon Musk

(Photo by Richard Drew / AP)

The Securities and Exchange Commission (SEC) and the founder of Tesla Ilon Musk signed a new agreement on what information the company can not distribute on social networks without prior approval, the CNBC reported, citing documents submitted to the court.

The list includes:

  • financial indicators of the company, information on possible mergers, purchases or sales, as well as joint ventures, production indicators (not previously officially published by Tesla),
  • new business directions, forecasts (in case Tesla does not announce),
  • events related to the shares and loans of the company, including the purchase or sale of securities on Masko from Tesla
  • changes in the control of the company, its board of directors and the top management
  • all topics that Tesla or most independent members of his board may require for prior approval to protect the interests of shareholders

As noted by the CNBC, this agreement has not yet approved the court. Considering the case began in February, the SEC accused Maski of violating the commitments undertaken by the businessman in September 2018. Under the terms of the agreement, he had to coordinate with Tesla's management information published on social networks that could have an impact on the company.

Thus, on February 20, Musk wrote that in 2019 Tesla plans to produce about 500 thousand cars. Later he clarified that he is talking about annual production volumes, while the company expects to deliver only 400 thousand cars by the end of 2019. In response to the allegations, SEC Mask proposed the committee "to read Tesla's annual report". His defense attributed the accusations that the businessman openly criticized the SEC.


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