Musk has been bitterly critical of the SEC since this settlement. At a TED talk earlier this year, Musk said he agreed to a settlement only because if he continued to fight the agency, Tesla’s banks would have cut off funding at a time when it needed it. of cash.
He then compared the experience to someone pointing a gun at their child’s head.
Tesla previously disclosed a subpoena related to an SEC investigation into the settlement in November 2021. Tesla wrote in Monday’s filing that the company “regularly” cooperates with regulatory and government investigations, including subpoenas. . The SEC had no response to questions regarding its latest Tesla subpoena.
– Clare Duffy of CNN Business contributed to this report.