“Elon Musk settled securities fraud charges brought against him by the Securities and Exchange Commission earlier this year, but he is not done deriding the agency.
“”I want to be clear: I do not respect the SEC,” he told Lesley Stahl during an interview with CBS’ “60 Minutes,” which aired Sunday.
“Musk said he is abiding by the terms of his settlement deal “because I respect the justice system.” But he reiterated that there is no love lost between him and the SEC.
“Musk and Tesla, the electric car company he runs, reached separate $20 million deals with the agency in September to settle securities fraud charges lodged against Musk that stemmed from statements he made on Twitter.
“As part of the agreement, Tesla said it would firm up its oversight of Musk’s social media use by pre-approving posts that may contain information that is “material” to Tesla’s shareholders.”
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