Tesla receives subpoena from US securities regulator over 2018 settlement

The subpoena by the U.S. Securities and Exchange Commission was issued on Nov. 16, some 10 days after Musk asked his Twitter followers https://bit.ly/3opTftt if he should sell 10% of his stake in the company, triggering a stock selloff. As of last close, the electric-car maker's shares had fallen by nearly a quarter since the tweet. The shares were down 1.4% at $909.98 on Monday morning.

NEW YORK: Tesla Inc said on Monday it received a subpoena from the U.S. securities regulator related to a settlement that required Chief Executive Elon Musk's tweets on material information about the company to be vetted.

The subpoena by the U.S. Securities and Exchange Commission was issued on Nov. 16, some 10 days after Musk asked his Twitter followers https://bit.ly/3opTftt if he should sell 10% of his stake in the company, triggering a stock selloff.