Tesla CEO made fun and accused the US Securities and Exchange Commission of speculation.
Tesla's shares fell by 7% during trading on Friday after another Twitter statement by its founder Elon Musk, in which he made fun of the US Securities and Exchange Commission (SEC), the correspondent reports.
As evidenced by data from the U.S. Stock Exchange Nasdaq, Tesla shares fell by almost $20 - up to $261.95 per share.
Earlier on Thursday, on Twitter, Elon Musk accused the SEC of speculation.
"I just want to say that the Shortseller Enrichment Commission and the Securities and Exchange Commission do the incredible job! And change the name to another!" – Musk wrote in Twitter.
Earlier, Musk and the Commission agreed on fraud charges against the businessman. The dispute arose after TESLA founder’s message in Twitter about his intention to make the company non-public. This led to a drop in the value of the company's securities by 13.5%.
Musk was fined $20 million, and Tesla itself will have to pay the same fine. Also, a businessman will be forced to resign as Chairman of the Board of Directors and not to occupy him for at least three years. At the same time, he will remain as the head of the company.
Also, two new independent directors will appear in Tesla. According to another clause of the agreement, the company will introduce additional measures to control and monitor Musk’s statements.