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COMING UP:Share Opener Variant 4

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Transcript

00:00:00
Tesla CEO Elon musk is taunting the US securities and exchange commission again after the SEC accused Moscow violating the terms of a settlement last year a fraud charges against him and asked the judge to hold him in contempt musket tweeted Tuesday at something is broken with SEC oversight hours later a federal judge ordered mask to explain by March eleventh why he should not be held in contempt for violating the settlement agreements must signed an agreement last year with the SEC pledging he would not share material information about the electric car maker with no pre approval from the board but last week he tweeted has limited zero cars in two thousand eleven but will make around five hundred K. in two thousand nineteen and the SEC says that violates the agreements last year musk drew the ire of regulators by tweeting considering taking tests a private eye four hundred twenty dollars a share and that funding had been secured Teslin musk agreed in September to each pay twenty million dollars to the SEC and the billionaire stepped down as the company's chairman but remained as C. E. O. but that hasn't quieted musk he laid into the SEC in a sixty minutes interview last year saying I want to be clear I do not respect the SEC the regulators latest allegation could re open a turbulent chapter for the electric vehicle maker at JP Morgan analysts said that in a worst case scenario the SEC could again seek must removal as CEO for violating the terms of the agreement and if that happened shares could fall by a fifth in value but so far investors don't seem overly concerned after dropping at the open Tesla shares turned higher in Tuesday trading