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Tesla Slips On Musk Mistake

Video Credit: Wochit - Duration: 00:49s - Published < > Embed
Tesla Slips On Musk Mistake

Tesla Slips On Musk Mistake

Tesla CEO Elon Musk violated the terms of his agreement with the Securities and Exchange Commission, the agency said in a court filing Monday.

In a tweet last week, Musk said Tesla would produce 500,000 vehicles this year.

He later corrected himself and said it would make only about 400,000.

Tesla weathered a rocky few months in the wake of Musk's tweets in August that he had " funding secured" for a deal to take Tesla private at $420 a share.

As part of his settlementwith the SEC, Tesla is supposed to preapprove all of his communications with shareholders that include "material" information about the company.

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