Musk was again targeted by the SEC, and Tesla said it received a subpoena

OEXN report: Musk, who often creates hot topics on social media, has been targeted by the SEC again, and on Monday Tesla revealed that it received a subpoena from the US securities regulator last November, asking Tesla to provide the management process for fulfilling the 2018 settlement.

Put simply, musk in 2018 said on social media that he wanted to take the company private, and was accused of securities fraud by the US SEC, although Tesla did not elaborate on what exactly such a subpoena was investigating in its annual report.

In an interview with OEXN, a Wall Street analyst said: "Musk's remarks on social media often arouse heated discussions, just last year, Musk asked netizens on Twitter whether he should sell 10% of Tesla stock and caused controversy, when Tesla's stock price fell by 16% in two days." It also led to a shareholder class action lawsuit against Tesla alleging that Musk's tweets cost them several $1 billion.

He added: "Although Tesla and the SEC reached a settlement and asked for controls to oversee Musk's round and tweets, Musk was "on the bar" with the SEC, and in early 2019, Musk released a tweet about the tesla rights prospect without prior approval. ”

Not only that, but Tesla and the White House have also been at odds in recent years, with Musk absent from the tech and conference call invitation lists chaired by Biden last month, while the Biden administration has focused on traditional manufacturers like Ford and General Motors.

It is worth mentioning that in addition to the regulatory investigation caused by Musk in 2018, the lawsuit caused by Musk has not yet been completed.