Elon Musk recently applied to the court to cancel the agreement with the securities and exchange commission in 2018. Here are the details...
Tensions were strained between Tesla CEO Elon Musk and the US Securities Exchange Commission (securities and exchange commission). As it is known, the business person, who uses Twitter very actively, periodically comes to the fore with his posts on many topics, including crypto assets. Musk, who got into trouble with an interesting post he made in the past years, has recently taken a critical step.
Will Elon Musk terminate his contract with the securities and exchange commission?
As it will be remembered, Elon Musk announced on Twitter in 2018 that he would buy all of his shares by removing Tesla from the stock market. Announcing that he had found the necessary funds in this context and that he would offer investors $420 per share, Musk was faced with investigations by entering the securities and exchange commission radar after the agreement did not materialise.
Elon Musk was later accused by the commission of deceiving Tesla shareholders. At this point, the businessman, who did not want to face greater penalties, agreed with the securities and exchange commission to pay 20 million dollars, in addition to resigning as the Chairman of the Board of Directors of the company.
Elon Musk, who periodically faced securities and exchange commissions, recently applied to the court to cancel the agreement made in 2018. According to Musk's claims, the commission pressured him for a multimillion-dollar deal at a time when Tesla was in financial trouble.
Elon Musk stated that contrary to the claims of the commission, he never had any intention of deceiving Tesla shareholders, that he had found the necessary funds at that time and really wanted to buy all the shares.
Post a Comment