Were the production targets for the Model 3 misleading investors? Was Musk's taking Tesla private statement out of line? The SEC wants to find out.
In order for a final decision to be made surrounding the settlement between Tesla CEO Elon Musk and the SEC, a judge requested a joint letter of explanation.
That came and went fast. The SEC has reached an agreement with Tesla CEO Elon Musk. Good news is that he remains in charge of Tesla, though there are some downsides.