A recent Elon Musk tweet presents the first test case of whether his April settlement with securities regulators has made him more disciplined on social media.
. When asked by a follower for an update on the product, the chief executive officer replied Monday that he was hoping the company would manufacture about 1,000 roofs a week by the end of the year.
Spooling up production line rapidly. Hoping to manufacture ~1000 solar roofs/week by end of this year.The tweet appears to fall under the scope of Musk’s amended accord with the U.S. Securities and Exchange Commission. Under the agreement, Musk must get preapproval from a Tesla securities lawyer before posting production figures that haven’t been disseminated before.Neither Tesla nor Musk previously issued a projection for how many roofs the company will produce by the end of this year.
Musk reached the revised deal with the SEC after the agency claimed he was in contempt of a settlement stemming from allegedly fraudulent tweets sent almost a year ago about taking Tesla private. Without running a post by Tesla counsel ahead of time, Musk tweeted in February that the company would make half a million cars in 2019. He drafted a clarifying follow-up tweet hours later, with the help of a lawyer.last week, and executives didn’t broach it on the ensuing earnings call.
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