(Finance) – The clash between Elon Musk continuesfounder of Tesla, and the Securities and Exchange Commission (SEC), which is the US federal body responsible for the supervision of the stock exchange. In a letter filed with the federal court in Manhattan, the US businessman’s legal team said the SEC “appears to target Mr. Musk and Tesla “why remains” a outspoken critic of the governmentThe agency is trying to “cool down” its right to freedom of expression with “endless and unfounded” investigations.
“The SEC’s inordinate efforts seem calculated for cool your exercise of First Amendment rights rather than to enforce generally applicable laws impartially, “said the legal team led by Alex Spiro. Part of the dispute concerns a case from 2018. On that occasion, the SEC accused it of making” false and misleading “statements. to investors when Tesla’s CEO announced via Twitter that he had taken out insurance sufficient funding for a buyout Tesla at $ 420 per share, although then the plan it never materialized.
Musk’s lawyers said the Securities and Exchange Commission did not pay the $ 40 million raised from the fines to Tesla shareholders arising from the incriminated tweets.