"The consequences of thumbing his nose at the SEC could have been far worse for him and the company." Tesla has struggled with logistics difficulties in delivering its Model 3 to global customers, a declining share price and lingering questions about the sustainability of demand. TWEET APPROVAL The SEC sued Musk last year after he tweeted on Aug. 7 that he had "funding secured" to take Tesla private at $420 per share. In February, the SEC accused Musk of violating that settlement by sending a tweet about Tesla's production numbers that had not been vetted by the company's attorneys, and asked U.S. District Judge Alison Nathan in Manhattan to hold him in contempt.
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