Elon Musk, the CEO of Tesla Inc, on Thursday, accused the U.S. Securities and Exchange Commission (SEC) of harassing them with an “endless” and “unrelenting” investigation to punish Musk for being an outspoken critic of the government.
The accusation came in a letter to U.S. District Judge Alison Nathan in Manhattan, who was supervised by a 2018 SEC settlement stemming from Musk’s tweet about a potential buyout of Tesla. Tesla Inc claims that regulators are harassing Chief Executive Elon Musk over his compliance with a 2018 regulatory settlement that sought to limit his use of social media.
The Securities and Exchange Commission is undertaking “unfounded investigations” of Mr. Musk and Tesla, attorneys for the company said in a letter filed Thursday with a federal judge who scrutinized the settlement. Tesla announced earlier this month that regulators sent a summons in the previous year that sought information showcasing how the company and its CEO complied with the terms of the deal.