💵💵🛡️🔥🛡️Breaking news: the SEC has given Elon Musk an ultimatum - settle or face legal action within 48 hours!💵🥵💰🎯
This isn't the first time Musk has been in hot water with the SEC. Back in 2018, he was charged with securities fraud for misleading tweets about potentially taking Tesla private at $420 per share.¹
Musk settled with the SEC, agreeing to step down as Tesla's chairman and pay a $20 million penalty.² However, it seems Musk hasn't learned his lesson. In 2019, the SEC asked a federal judge to hold Musk in contempt for violating the settlement agreement by tweeting about Tesla's production numbers without pre-approval.³
Now, the SEC is putting its foot down, giving Musk 48 hours to settle or face legal action. This could have serious implications for Musk and Tesla. Stay tuned for updates on this developing story!$SOL $BTC $DOGE
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