According to the Bloomberg New, Energy Finance website reported that the United States Securities and Exchange Commission (SEC) denied that it is targeting Tesla CEO Elon Musk in an endless investigation. Musk claimed in a letter to a judge earlier this week that he had faced an endless investigation by the committee.
The SEC settled with Musk and Tesla in September 2018 after Musk was sued over his infamous “financing guarantee” tweet in which he claimed to gain investor support for $420 per share price to take Tesla private.
Just this month, Tesla disclosed in a regulatory filing that on November 16, 2021, the committee asked Tesla to provide information on its corporate governance process and compliance with the settlement.
In a letter to U.S. District Judge Alison Nathan, Musk’s outside attorney, Alex Spiro, claimed that the SEC targeted Musk and the electric company.
The automaker has launched a “relentless investigation” precisely because Musk is an “outspoken critic of the government.” He also noted that the committee issued subpoenas to Tesla and Musk without court approval.
The U.S. Securities and Exchange Commission responded on Friday (February 18, local time), representing attorney Steven Buchholz in a letter to the judge saying that the commission’s enforcement officers have sought to negotiate with Tesla and Ma Sk’s lawyers to discuss any concerns about the settlement.
In his letter, he said: “Your Excellency, Alex Spiro’s letter falsely implies that committee staff has issued subpoenas in this lawsuit, which is not true. In fact, staff did not If Tesla and Mr. Musk have reasonable objections to SEC proceeding outside of this lawsuit, they should raise those comments in the appropriate forum.” Bute)