Tesla (TSLA) rose more than 5% on Wednesday as investors waited for news of the CEO, Elon Musk, who announced that he would have something to say on Thursday via his Twitter account, which he said – even been the subject of a thorough review in recent days.
Musk, who changed his Twitter account to Elon Defense, with an elephant emoji, tweeted that he would have news of the company at 2 pm. Pacific on Thursday:
Some news from Tesla
– Elon Tusk (@elonmusk) February 27, 2019
The news has allowed Tesla shares to rise from $ 16.88 (5.67%) to close Wednesday at $ 314.74. Musk may have news about the Y-model vehicle he previously announced was unveiled in March 2019, but his method of distributing this information could lead the CEO to more hot water.
Earlier this month, the Securities and Exchange Commission asked a judge to convict Musk in contempt of court for violating a settlement that he had accepted after the regulator l & rsquo; He was guilty of misleading investors after stating that he had sufficient funds to protect Tesla privately on Twitter. .
Part of the agreement between the two parties stipulated that Tesla "would establish a new committee of independent directors and put in place additional controls and procedures to oversee Musk's communications".
Musk recently tweeted that Tesla will deliver 500,000 vehicles in 2019, 100,000 more than the company announced when it released its latest results. Musk is excused and removed the tweet after noticing his mistake, but the SEC does not seem to be impressed by his mea culpa.
Tuesday, US District Judge, Alison Nathan, said Musk would need to write to the court on March 11 and plead his case after the SEC announced Monday a Musk Tweet earlier this month , in which it seemed to reveal important information about the production schedule of Tesla. , violated a settlement reached in September 2018 that prohibited the CEO from sharing information about the company without the permission of a legal advisor.
"The defendant Elon Musk must submit to this Court, before 11 March 2019, a statement setting out the reasons why, if necessary, he should not be found guilty of contempt of the final judgment of the Court", said Judge Nathan.
(This article has been updated.)