The Tesla boss could once again have problems with the US Securities and Exchange Commission.
In early February, the fun cryptocurrency Dogecoin rose to a record high. One of the reasons for this is likely to have been a few tweets from Tesla boss Elon Musk. He has made several – more or less humorous – comments on Dogecoin. On January 28th, he shared a fake “Dogue” magazine cover on Twitter.
Now Musk could have problems with the US Securities and Exchange Commission SEC because of this. This is reported by the financial news service First Squawk. Most likely, the authorities want to investigate whether Musk could have gotten any benefit from it.
SEC IS SAID TO INVESTIGATE TESLA CHIEF EXECUTIVE MUSK FOR HIS TWEETS ON DOGECOIN: SOURCES FAMILIAR WITH THE MATTER #Dogecoins #Tesla
– First Squawk (@FirstSquawk) February 25, 2021
Old acquaintance
If the report turns out to be true, it wouldn't be the first time Musk has run into problems with the SEC. A tweet about an allegedly planned withdrawal from the stock market by Tesla has already been determined.
Tesla and the SEC then reached an agreement in the legal dispute: Elon Musk and Tesla each paid $ 20 million from their assets and Musk is giving up his position as chairman, comparable to the position of chairman of the supervisory board, for three years. In the end, Musk even made money with the campaign.
Musk's tweets have repeatedly had an impact on the prices of stocks and crypto currencies, such as Bitcoin.
