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# Musk takes swipe at SEC on heels of fraud settlement
- URL: https://www.smdp.com/musk-takes-swipe-at-sec-on-heels-of-fraud-settlement/
- Published: 2018-10-05T12:00:59.000Z
- Updated: 2024-12-04T14:07:00.000Z
- Author: Associated Press
- Tags: Community, briefs, #wp, #wp-post, #Import 2025-11-06 12:50

Tesla CEO Elon Musk is apparently taunting the government agency that accused him of duping investors just days after negotiating a settlement to keep his job.

Musk jabbed the Securities and Exchange Commission on his Twitter account, the same agency that went after him for an August 7 tweet in which he declared he had secured financing for a Tesla buyout. The SEC alleged that Musk hadn't locked up the estimated $25 billion to $50 billion that it would have required to pull off that deal.

In a Thursday tweet , Musk praised the "Shortseller Enrichment Commission" for "doing incredible work."

Musk has long feuded with short sellers, a category of investors that have been betting on Tesla's stock to fall.

Tesla shares declined 2 percent in extended trading after Musk's tweet.

Associated Press