Elon Musk’s latest agreement with the U.S. Securities and Exchange Commission requires the chief executive officer get preapproval from securities counsel before tweeting about Tesla Inc. finances, but it’s not yet clear who that lawyer is or if he or she has been selected.
The agreement resolves SEC allegations that Musk breached an October 2018 settlement with the agency in February by tweeting inaccurate 2019 Tesla sales production estimates without running the post past his general counsel. His latest SEC deal, filed April 26 in the Southern District of New York, calls for “an experienced securities lawyer employed by the company” to preapprove Musk’s Tesla finance-related written communications, including tweets.
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