Elon Musk reaches an agreement on tweets

The US regulator of financial markets has solved the problem of using Twitter with Tesla CEO Elon Musk.

The Securities and Exchange Commission (SEC) has accused Musk of violating a court ruling for failing to share information that could have an impact on financial markets without prior authorization.

Earlier this month, a judge ordered the SEC, Tesla and Musk to reach an agreement rather than return the case to court.

This agreement, released today by the SEC, adds more clarity to the restrictions on Musk's communications, on Twitter or elsewhere.

He said that Mr. Musk can not, without the approval of the Tesla legal team, share information on:

• The financial situation, statements or results of the company, including the results of the company or indications of its financial future;
• Any merger, acquisition or potential or proposed commercial transaction;
• Production numbers or sales or delivery figures differ from what the company's official statements have already indicated;
• Or new or proposed business sectors that differ from what the company already does, which the SEC has called "products for vehicles, transportation and sustainable energy";
• Details on the results of the regulations that have not yet been made public.

Neither Musk nor Tesla further commented on the agreement.

Expensive Tweeting

Musk was angered by the SEC after tweeting last August that he was considering making Tesla a private company and had "funds" to do so.

This message – later called a joke – ends up being extremely expensive.

The US authorities sentenced Tesla and Mr. Musk to a fine of $ 20 million and forced Mr. Musk to resign as president for three years.

Musk and Tesla also agreed to put in place a new control over the behavior of Twitter, 47 years old.

However, in February, he tweeted that Tesla would manufacture "cars of about $ 500,000" in 2019. The SEC argued that this constituted an undisclosed projection and contrary to the agreement.

Mr. Musk then added a clarification and said the numbers were already public. He then said: "Something does not work under the SEC's supervision."

This was not the first time Mr. Musk had expressed his disapproval of the regulator.

"I want to be clear," he told CBS 60 Minutes in December. "I do not respect the SEC."

The news of the latter settlement saw Tesla's shares rise modestly on Friday afternoon. However, the price fell sharply this week due to the Tesla's release of worse-than-expected results on Thursday.

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