PALO ALTO, Calif. — Elon Musk says he’s deleting his Twitter account 10 months after his use of the social media site landed him in trouble with U.S. regulators.
Musk got in trouble with the Securities & Exchange Commission in August for tweets about taking the company private and saying he had secured funding to do so with no evidence to back that up.
Musk and Tesla each paid $20 million in to settle with the SEC.
As part of a court settlement, Musk is required to have Twitter posts approved by a company lawyer if they have the potential to affect the company’s stock.
While Musk remains CEO of the electric car company, the settlement also required him to relinquish his role as chairman for at least three years.
Musk got into some trouble in February, when he sent a tweet projecting that Tesla would make about 500,000 cars this year.
About 4 1/2 hours after that tweet, Musk corrected his statement, saying he meant that Tesla had started to make cars at a weekly clip that would translate into 500,000 cars during a yearlong period, but not necessarily for calendar 2019.
Tesla Inc. did not immediately respond to a request for comment.
For live, local news, download the KRONon app. It lets you watch commercial-free news from the Bay Area’s Local News Station on multiple streaming devices.
- KEVIN DURANT’S POST-GAME 5 MESSAGE AFTER INJURY
- DRUG LORD HIRED COPS TO SHOOT DAVID ORTIZ OVER ALLEGED AFFAIR
- US TOURIST DEATH COUNT AT DOMINICAN REPUBLIC RESORTS RISES
- HIGH-SPEED CHASE ENDS IN MILLION-DOLLAR DRUG BUST
- FINAL SEAT INSTALLED AT CHASE CENTER IN SF