Elon Musk turns rapper with song honouring Harambe

Getty Images  Getty Images  Kevork Djansezian

Getty Images Getty Images Kevork Djansezian

No, this isn't an April Fools' joke.

The SEC said the earlier tweet contrasted with Tesla's 30 January forecast that it would deliver about 400,000 vehicles this year. Musk said in February that the company would likely dip back into the red for this quarter - a departure from his previous statements about the company's continued profitability - as it expanded into Europe and China.

The conditions of Musk's settlement included his stepping down as the chairman of Tesla's board and upwards of $40 million in fines split between the company and Musk.


But the tweet wasn't approved by Tesla's "disclosure counsel", and the SEC's contempt-of-court motion filed that month said Musk had not sought a lawyer's approval for a single tweet.

Judge Nathan seemed frustrated by the entire situation, stating that she had "serious concerns that, whatever I decide here, the issue will not be finally resolved". "This court ordered Tesla to implement a mandatory pre-approval process, but they are apparently fine with Mr. Musk making up his own procedure". Two weeks later, however, he called the plans off. The SEC also asked the judge to force Musk to check in regularly with the SEC to prove his compliance with the terms of his deal with the agency. We reaffirm our prior guidance of 360,000 to 400,000 vehicle deliveries in 2019.

But others believe Nathan is not obligated to act severely, including the removal of Musk from Tesla's board or as chief executive, in part because regulators would not want to be seen to be responsible for impacting the company's future.


Tesla's share price tumbled almost 9% after the electric carmaker warned on profits following a 31% drop in vehicle deliveries during the first quarter. Tesla's stock price is down almost 20 percent this year.

Back in July past year, Elon Musk confirmed all our suspicions that he was indeed a Juggalo.

The numbers represent one of Tesla's largest-ever quarterly sales drops, and the release sent Tesla's stock price down more than 9% in overnight trading.


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