Elon Musk Claps Back After SEC Threatens Sanctions Against Tesla CEO For Evading Twitter Depositions, Says He Was Overseeing 'Highest Risk Astronaut Mission' Of SpaceX: 'I Had To Make A Go Vs No-Go Decision. Their Lives Came First'
Portfolio Pulse from Ananya Gairola
The SEC is seeking sanctions against Elon Musk for failing to appear for depositions related to a probe into potential securities fraud involving Tesla shares and Twitter. Musk claims he was overseeing a high-risk SpaceX mission, prioritizing astronaut safety.
September 21, 2024 | 5:00 am
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The SEC is considering sanctions against Elon Musk for missing depositions related to a securities fraud probe involving Tesla shares. This legal issue could impact Tesla's stock price due to potential regulatory actions.
The SEC's actions against Musk could lead to regulatory scrutiny and potential penalties, which may negatively affect Tesla's stock price. Investors may react to the uncertainty surrounding the legal proceedings.
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