Home Current Tesla’s Musk mocks SEC as judge demands they justify fraud settlement

Tesla’s Musk mocks SEC as judge demands they justify fraud settlement

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Tesla's Musk mocks SEC as judge demands they justify fraud settlementTesla Inc’s Elon Musk on Thursday mocked the U.S. Securities and Exchange Commission, just hours after a federal judge ordered him and the regulator to justify their securities fraud settlement, which let Musk remain chief executive. “Just want to [sic] that the Shortseller Enrichment Commission is doing incredible work,” Musk, a frequent critic of investors betting against the electric car company, wrote on Twitter. The tweet came five days after Musk settled SEC charges that he misled investors in tweets on Aug. 7, including that there was “funding secured” to take his Palo Alto, California-based company private at $420 per share.