Securities regulators told Tesla last year that chief executive Elon Musk’s use of Twitter had twice violated a court-ordered policy requiring his tweets to be pre-approved by company lawyers, according to records obtained by The Wall Street Journal.
Tesla and the Securities and Exchange Commission settled an enforcement action in 2018 alleging that Musk had committed fraud by tweeting about a potential buyout of his company. Musk paid $20m to settle that case — Tesla also paid $20m — and agreed to have his public statements on social media overseen by Tesla lawyers.
