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The many compliance lessons of Tesla

Joe Mont | August 13, 2018

Say what you want about Tesla founder and CEO Elon Musk, the man is certainly a master at generating headlines.

From sniping at investors during a tense conference call to his restless promotion of a self-built mini-submarine as a rescue option for cave-trapped children in Thailand, Musk has consistently generated social media controversies that get amplified by the mainstream media.

His latest controversy is of particular interest to this publication and its readers.

On Aug. 7, Musk tweeted: “Am considering taking Tesla private at $420. Funding secured.”

It would be nearly impossible to find a terse statement capable of generating as much notoriety and hand wringing.

Regulation FD

To start with, did Musk violate the Securities and Exchange Commission’s Regulation FD?

Reg FD (the letters stand for “fair disclosure”) is a 2009 rule requiring that all publicly traded companies must disclose material information...

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