"Just want to that the Shortseller Enrichment Commission is doing incredible work".
A Thursday afternoon tweet (exactly a week after the SEC sued him) sarcastically praised the SEC's name - changing it to "Shortseller Enrichment Commission". Per the terms of the settlement: "Tesla will establish a new committee of independent directors and put in place additional controls and procedures to oversee Musk's communications".
Musk is playing with fire (again) as the SEC deal which allows him to stay on as CEO providing he resign the chairmanship and personally pay $20m, with the figure matched from Tesla's coffers, is yet to be approved.
The agency accused Musk in its September 27 complaint of misleading investors with his infamous August 7 tweets about having the investor support and "funding secured" to take Tesla private.
As part of the settlement, Musk must also step down as the chairman of the board for three years. The company also accepted a $20 million fine, despite not being charged with fraud.
Tesla declined to comment.
Rupee plunges to fresh record low of 73.77 against dollar
While no changes have been made to the repo rate, the bank has changed its stance from "Neutral" to "Calibrated Tightening". Secondly, the price of the Indian basket of crude oil has increased sharply, by $13 a barrel, since the last resolution.
Key U.S. senators criticise Trump for mocking Kavanaugh accuser
His daughters who are lovely , incredible young kids - they destroy people, they want to destroy people. Cindy Hyde Smith (R-Miss.) at a Make America Great Again rally in Southaven, Miss., on October 2, 2018.
Steelers Have Yet To Receive Serious Interest In Le'Veon Bell
Bell already has forfeited $3.42 million of his $14.544 million franchise-tag tender by not reporting to the team. I think the biggest thing for me now is my mental is a lot stronger. "I don't think they really want me gone".
West has tweeted several times about the need for "innovation" and new technology, and in 2011, he went to visit the SpaceX rocket factory with Musk.
Tesla shares dropped as much as 3.5 percent to $272 after the close of regular trading.
The lawsuit threatened to pull Tesla and Musk into a long drawn-out fight that could have undermined the company's operations and ability to raise capital.
Pritchard said before Musk's tweet that he saw no "serious chance" for a rejection of Musk's settlement, based on 2nd Circuit precedent.
The 2nd Circuit has jurisdiction over Nathan's court, and Pritchard said the Citigroup decision likely foreshadows approval of Musk's settlement.