Tesla has received a subpoena from the US securities regulator relating to its compliance with a 2018 settlement that resolved a dispute between the agency and electric carmaker over chief executive Elon Musk’s “funding secured” tweet.
The Securities and Exchange Commission issued the subpoena in November asking Tesla to submit information on the company’s “governance processes around compliance” with an SEC settlement and its subsequent amendment, according to a regulatory filing from the company.
The new subpoena is the latest chapter in the running battle between the regulator and the Tesla boss, who rattled Wall Street in 2018 with a tweet declaring: “Am considering taking Tesla private at $420. Funding secured.”
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