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Tesla subpoenaed by SEC over Musk tweet settlement
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The Securities and Exchange Commission has subpoenaed Tesla for information about compliance with a court-ordered settlement requiring a company lawyer to preapprove certain of Elon Musk’s tweets.
Tesla said in a regulatory filing made public 7 February that the SEC is seeking information on “governance processes around compliance” with a settlement related to Musk’s 2018 tweet claiming to have secured funding to potentially take the electric-vehicle maker private.
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