The dry reproaches the boss of Tesla and Spacex for having delayed revealing his climb to the capital of Twitter, which he intends to buy.
Le Monde
Already accused by investors, here is Elon Musk suspected by the American stock market gendarme of having revealed later than provided by law his investment in Twitter, which he is buying.
The American financial market regulatory authority, the SEC, published a letter addressed to the multimillionaire on April 4 on Friday, May 27, when he announced that he had reached more than 9 % of Twitter capital. The dry wonders why he waited that day, when he had exceeded 5 % on March 14. The law requires investors to make public their participation beyond this threshold within ten days. The Federal Agency also questions the boss of Tesla about its initial choice of form 13G, reserved for so -called “passive” investors.
“Your answer must mention, among other things, your recent public statements”, underlines the dry, quoting a tweet of Elon Musk of April 4 where he asked his tens of millions of subscribers if they thought that Twitter ” Rigorously applies the principles of freedom of expression “.
shareholders’ complaint
On Wednesday, Twitter shareholders filed a complaint against the whimsical entrepreneur, whom they accuse of having manipulated the market to save money in their social network buying operation. They too criticize him for delaying the moment when he revealed to be mounted in the capital of Twitter. They believe that the richest man in the world has saved some $ 156 million, because if he had informed the market in time, he would have paid more of the shares.
Elon Musk has made an agreement with the platform’s board of directors to buy it. And since the beginning of April, the value of the social network in the stock market fluctuates according to the multimillionaire tweets.
“Musk made declarations, sent tweets and carried out other actions designed to sow doubt and lower the action of Twitter substantially to create a room for maneuver that he hoped to use to withdraw from the transaction or renegotiate the price, “says shareholders in their complaint.
The lawyers of Elon Musk, Tesla and La SEC did not react to requests from the France-Presse agency on Friday.
The entrepreneur with multiple caps (Tesla, Spacex, Neuralink …) has already had a knit to leave with the American stock market gendarme because of his propensity to tweet information that makes the courses of his listed companies move. Followed on Twitter by more than 95 million people, he plans to withdraw the stock market from the stock market when he is the owner.