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Because of his previous statements, Musk is under a court-backed legal agreement with the SEC not to make such statements without getting pre-approval from comp
by jahewson 8y ago
Because of his previous statements, Musk is under a court-backed legal agreement with the SEC not to make such statements without getting pre-approval from company officials. This isn't just the SEC he's ignoring, it's the court. This is sales forecast and a 25% exaggeration of the real numbers, which on its own appears to be "misleading information" and he'd likely be in trouble with the SEC for it either way but by ignoring the court he's in double trouble.