WASHINGTON: Elon Musk’s Twitter habit is putting him in increasing legal jeopardy, with the Tesla Inc chief executive officer facing millions of dollars in additional fines, tighter restrictions on his use of social media and even a possible bar on running the company, experts say.
The US Securities and Exchange Commission (SEC) said that Musk’s unapproved post last week about Tesla vehicle production was misleading and violated a judge’s order from September. Last year, Musk was fined US$20mil, lost his chairmanship and was ordered to clear future tweets after a batch of tweets about taking the company private.
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