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

Updated 11 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Annelise Capossela/Axios

  1. Global: Total confirmed cases as of 1 a.m. ET: 20,284,882 — Total deaths: 741,126— Total recoveries: 12,585,473Map.
  2. U.S.: Total confirmed cases as of 1 a.m. ET: 5,141,208 — Total deaths: 164,537 — Total recoveries: 1,714,960 — Total tests: 63,252,257Map.
  3. States: Georgia reports 137 coronavirus deaths, setting new daily record Florida reports another daily record for deaths.
  4. Health care: Trump administration buys 100 million doses of Moderna's coronavirus vaccine.
  5. Business: Moderna reveals it may not hold patent rights for vaccine.
  6. Sports: Big Ten scraps fall football season.
  7. World: Anthony Fauci "seriously" doubts Russia's coronavirus vaccine is safe

Ilhan Omar wins Minnesota primary

Photo: Stephen Maturen/Getty Images

Rep. Ilhan Omar (D-Minn.) won the Democratic primary against lawyer Antone Melton-Meaux on Tuesday evening, AP reports.

Why it matters: The race is one that's played out across the U.S. as progressives continue to sweep party nominations. Omar's win officially means all four progressive members of "The Squad" have won their primary elections.

Updated 3 hours ago - Politics & Policy

25 face felony charges after downtown Chicago hit by looters

Police officers inspect a damaged Best Buy in Chicago that was looted and vandalized. Photo: Scott Olson/Getty Images

Local police officers are seeking felony charges in 25 cases following the arrest of 100 people in the wake of widespread looting and property damage in Chicago on Monday, per the Washington Post.

Driving the news: Law enforcement said the event involving hundreds of people was a coordinated response after an officer shot a suspect Sunday evening, according to CBS Chicago.