According to a report, the ongoing battle between the SEC and Tesla CEO Elon Musk is far from over. In a letter to New York Judge Alsion Nathan on Monday, Musk’slawyer, Alex Spro, accused the Securities and Exchange Commission of leaking information from its investingation.
These lakes, Spiro noted, seems to be a reprisal against the CEO, who has openly criticized the SEC in the past. Spiro did not provide the name of the SEC staff member who allegedly leaked information in his letter, but he argued that such actions highlight the agency’s vindictive nature towards the Tesla CEO.
This is just peeling back the first layer of the corruption onion. Stay tuned …
— Elon Musk (@elonmusk) February 22, 2022
Musk and the SEC have locked horns in the past, especially following the CEO’s “funding secured” fiasco in 2018, which resulted in a hefty fine of $40 million that would be distributed to TSLA shareholders. Earlier this month, Musk accused the SEC of supposedly neglecting its duties to remit the $40 million to TSLA investors. Spiro also argued that the SEC had been targeting both the CEO and Tesla with an unrelenting investigation aimed at limiting the executive’s free speech rights.
Over Musk has commented, “This is just peeling back the first layer of the corruption onion. Stay tuned …”
