Tesla's Musk agrees to new vetting rules for tweets in SEC deal

"The consequences of thumbing his nose at the SEC could have been far worse for him and the company." Tesla has struggled with logistics difficulties in delivering its Model 3 to global customers, a declining share price and lingering questions about the sustainability of demand. TWEET APPROVAL The SEC sued Musk last year after he tweeted on Aug. 7 that he had "funding secured" to take Tesla private at $420 per share. In February, the SEC accused Musk of violating that settlement by sending a tweet about Tesla's production numbers that had not been vetted by the company's attorneys, and asked U.S. District Judge Alison Nathan in Manhattan to hold him in contempt.

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