Elon Musk’s tweets about Tesla going private in 2018 prompted the US Securities and Exchange Commission to file a second complaint against the company, Tesla said in a regulatory filing on Monday. After receiving the complaint on June 13, the company declared that it will abide by the laws of the country. The authorities did not respond right away to Reuters’ request for comment. In accordance with a settlement that required Elon Musk’s tweets regarding vital information to be verified, the regulator summoned Tesla in November of last year.
Musk agreed to settle a complaint made by the regulators in 2018 about his “go-private” tweets by enabling the company’s lawyers to pre-approve tweets containing crucial information about the company. Musk challenged a judge’s decision not to terminate this 2018 deal with the SEC in June. In a separate statement, Tesla claimed that it had exchanged nearly 75% of its bitcoin assets for fiat money and incurred an impairment charge of $170 million in relation to the asset.
According to the petition, the fair market value of its digital assets as of June 30 was $222 million. Tesla this week sought a US judge to dismiss a lawsuit alleging that the electric vehicle manufacturer broke the law by firing hundreds of employees without giving them prior notice. The sacked employees signed legal contracts promising to arbitrate employment-related legal disputes and refrain from participating in class-action lawsuits, according to a Tesla document submitted to a federal court in Austin, Texas, where the company is located. Tesla claimed that the case should be dismissed even if it went to trial since the company was just “right-sizing” by firing underperforming workers rather than making layoffs that require advance notice.