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Elon Musk. Photo: Spencer Platt/Getty Images

Tesla chief executive Elon Musk reached an agreement on Friday with the Securities and Exchange Commission regarding his behavior on Twitter, according to an amended filing in U.S. District Court.

Why it matters: The agreement with securities regulators removes, for now, one headache facing the electric automaker that’s in the midst of a tumultuous stretch and just reported a larger-than-expected quarterly loss on Wednesday.

The backdrop: Last August, Musk took to the social platform, tweeting he had "funding secured," to take Tesla private at $420 a share. In response, the SEC sued Musk, alleging his claims on Twitter were false.

The suit was settled last September, but the SEC sued Tesla's CEO a second time for allegedly violating the terms regarding his Twitter activities of the original agreement. Musk agreed to pay a civil penalty for at least 3 years.

One big question: Whether the notoriously shoot-from-the-hip Musk, who often uses Twitter to communicate Tesla news, will actually abide by the updated terms of his requirements for vetting his communications. He has expressed disdain for the SEC in the past.

Go deeper: Elon Musk to pay $20 million, step down as Tesla chair in SEC settlement

Go deeper

The new Washington

Illustration: Sarah Grillo/Axios

The Axios subject-matter experts brief you on the incoming administration's plans and team.

Rep. Lou Correa tests positive for COVID-19

Lou Correa. Photo: Tom Williams/CQ-Roll Call, Inc via Getty Images

Rep. Lou Correa (D-Calif.) announced on Saturday that he has tested positive for the coronavirus.

Why it matters: Correa is the latest Democratic lawmaker to share his positive test results after last week's deadly Capitol riot. Correa did not shelter in the designated safe zone with his congressional colleagues during the siege, per a spokesperson, instead staying outside to help Capitol Police.

Far-right figure "Baked Alaska" arrested for involvement in Capitol siege

Photo: Shay Horse/NurPhoto via Getty Images

The FBI arrested far-right media figure Tim Gionet, known as "Baked Alaska," on Saturday for his involvement in last week's Capitol riot, according to a statement of facts filed in the U.S. District Court in the District of Columbia.

The state of play: Gionet was arrested in Houston on charges related to disorderly or disruptive conduct on the Capitol grounds or in any of the Capitol buildings with the intent to impede, disrupt, or disturb the orderly conduct of a session, per AP.

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