Elon Musk & SEC reach social media agreement
Twitter, Elon and the courts: Tesla CEO Elon Musk and the US SEC have reached an agreement in the bizarre legal battle surrounding his use of Twitter for company statements. The judge has now decided that Musk may no longer use his “personal” platform to publish information that could affect Tesla’s stock value, including production targets, take-overs or fusions – without prior approval.
The agreement strongly limits the topics that Musk is allowed to tweet about without seeking prior expert advice and approval is, however what the issue will look like in practise remains to be seen. For what it’s worth, Elon Musk has already begun styling his account on the site with more personal issues, but whether this will make the investors happy is another question.
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