Elon Musk twice violated a court order meant to prevent the Tesla CEO from allegedly using Twitter to manipulate the stock market, according to documents obtained by the Wall Street Journal on Tues…
I left the July 31st meeting with no question that a deal with the Saudi sovereign fund could be closed, and that it was just a matter of getting the process moving. This is why I referred to “funding secured” in the August 7th announcement.
In addition to Musk stepping down as CEO, the agreement stipulated that the Tesla leader’s tweets would be reviewed by corporate lawyers before being posted.warned Tesla in May 2020 that the company had failed “to enforce these procedures and controls despite repeated violations by Mr. Musk.” The letter added, “Tesla has abdicated the duties required of it by the court’s order.”
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