Business
Tesla CEO becomes Elon Tusk on Twitter
San Francisco, Feb 28
Ahead of a Tesla announcement on Thursday, tech billionaire Elon Musk changed his Twitter handle to Elon Tusk to the surprise of his 25 million followers on the platform.
The move came a day after the US Securities and Exchange Commission asked a US federal judge to hold Tesla CEO Elon Musk in contempt for violating a settlement deal reached last year.
The development on Monday came in response to Musk's tweet on February 19 that "Tesla made 0 cars in 2011, but will make around 500k in 2019".
Hours later, the billionaire sent a follow-up tweet indicating that the company will actually deliver just 400,000 cars this year, CNN reported.
Although Musk corrected his mistake, regulators slammed the Tesla CEO because he "once again published inaccurate and material information about Tesla to his over 24 million Twitter followers".
The SEC on Monday noted that he did not ask for or receive company approval before publishing his tweet.
According to an October 2018 settlement with the SEC, Musk needs to receive pre-approval of any social media posts with information that's "material" to shareholders.
In a recent interview, Twitter CEO Jack Dorsey said Musk was one of his favourite Twitter users.
"I like how @elonmusk uses Twitter. He's focused on solving existential problems and sharing his thinking openly. I respect that a lot and all the ups and downs that come with it," Dorsey said during the 90-minute interview with technology news website Recode this month.
The move came a day after the US Securities and Exchange Commission asked a US federal judge to hold Tesla CEO Elon Musk in contempt for violating a settlement deal reached last year.
The development on Monday came in response to Musk's tweet on February 19 that "Tesla made 0 cars in 2011, but will make around 500k in 2019".
Hours later, the billionaire sent a follow-up tweet indicating that the company will actually deliver just 400,000 cars this year, CNN reported.
Although Musk corrected his mistake, regulators slammed the Tesla CEO because he "once again published inaccurate and material information about Tesla to his over 24 million Twitter followers".
The SEC on Monday noted that he did not ask for or receive company approval before publishing his tweet.
According to an October 2018 settlement with the SEC, Musk needs to receive pre-approval of any social media posts with information that's "material" to shareholders.
In a recent interview, Twitter CEO Jack Dorsey said Musk was one of his favourite Twitter users.
"I like how @elonmusk uses Twitter. He's focused on solving existential problems and sharing his thinking openly. I respect that a lot and all the ups and downs that come with it," Dorsey said during the 90-minute interview with technology news website Recode this month.
12 hours ago
USCIS to Open International Field Offices in Qatar and Turkey
13 hours ago
Vibrant Eid Celebrations: Indian Muslim Community Lights Up New York's Consulate General of India!
13 hours ago
Indian Americans condemn Prime Minister Narendra Modi’s Anti-Muslim hate speech
16 hours ago
Vegan Ram Navami is celebrated in New Jersey by World Vegan Vision.
16 hours ago
Open Letter to the People: The Success of New York City
16 hours ago
A trade mission is being launched in New Delhi by the USDA secretary.
16 hours ago
The graduating address at Virginia Tech will be given by Mehul Sanghani.
16 hours ago
A tragic car crash in Arizona claims the lives of two Indian students.
16 hours ago
The White House National Strategy for Suicide Prevention will be spearheaded by two Indian Americans.
17 hours ago
Biryani blunder: Lord Ram's image on plates sparks outrage in Delhi
17 hours ago
India and France step up work on creating a new National Museum in Delhi
17 hours ago
Doughty daughters campaign for parents in UP
18 hours ago
78-year-old man dies while swimming from Sri Lanka to Rameswaram