The three-page letter from lawyer Alex Spiro to US District Judge Alison Nathan in New York said the SEC is ‘weaponizing’ the 2018 settlement in which Tesla and Musk agreed to pay $20 million each in penalties to resolve the SEC’s complaint that ‘Musk’s misleading tweets’ about taking Tesla private caused the stock price to jump ‘and led to significant market disruption’ The settlement also required Tesla to impose controls on Musk’s social media statements. Musk had claimed on Twitter that he had ‘funding secured’ to take Tesla private at $420 per share, but the SEC said he had not even discussed, much less confirmed, key deal terms, with any potential funding source. Today, Musk tweeted a meme comparing Canadian Prime Minister Justin Trudeau to Adolf Hitler and later deleted the tweet. . . .
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