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Tesla CEO Elon Musk at the construction site of a new Tesla factory in Grünheide near Berlin, Germany, last month. Photo: Christophe Gateau/Picture Alliance via Getty Images

Securities regulators told Tesla Elon Musk twice violated court orders requiring company lawyers to approve his tweets before he posts, according to records obtained by The Wall Street Journal Tuesday.

Driving the news: The Securities and Exchange Commission wrote to Tesla in 2019 and 2020 saying Musk had tweeted about Tesla's solar roof production volume and its stock price without pre-approval, breaching a 2018 settlement deal, the WSJ reports.

Flashback: Tesla and Musk reached the $20 million settlement with the SEC after the regulator alleged he'd committed fraud with a tweet about a potential buyout of the firm and its stock price.

  • The SEC asked a federal court in 2019 to hold Musk in contempt of court over a Twitter post. The two sides later agreed to modify the requirements in relation to "communications about production figures, new business lines and the company’s financial condition," the Journal notes.

What they're saying: Tesla told the SEC in 2019 that Musk's tweet that August about ramping up production solar roof production to "1000 solar roofs/week by end of this year" was "wholly aspirational," so the requirement didn't apply, according to the WSJ.

  • The company said a May 2020 tweet in which Musk stated that the "Tesla stock price is too high imo," was just his "personal opinion."
  • Tesla and the SEC did not immediately respond to Axios' request for comment.

Go deeper: Elon Musk says he decides when to submit his tweets for Tesla's approval

Go deeper

Dan Primack, author of Pro Rata
Sep 3, 2021 - Economy & Business

Texas CEOs stay silent on abortion ban

Texas Gov. Greg Abbott. Photo: Montinique Monroe/Getty Images

In defending his state's new abortion ban, Texas Gov. Greg Abbott yesterday used business migration as his shield: "The people who are not wringing their hands are the people who create jobs that run businesses."

Why it matters: Business leaders have become America's new politicians, swinging their outsized influence on civil rights in Indiana, voting rights in Georgia and public health throughout the pandemic.

Gaming CEO calls on industry to help fight climate change

"Catalyst Black." Screenshot: Super Evil Megacorp

Gaming CEO Kristian Segerstrale is calling on leaders in his industry to take action on climate change, after completing a $1.4 million fundraising campaign this summer.

Why it matters: Gaming's pandemic-fueled boom creates an opportunity, and maybe even an obligation, to do some good.

3 hours ago - World

U.S. releases updated vaccination, testing rules for foreign travelers

Photo: Patrick T. Fallon/AFP via Getty Images

Foreign travelers will be allowed entry to the U.S. beginning Nov. 8 if they can provide proof of full COVID-19 vaccination with a shot authorized by the World Health Organization and a negative test within three days of departure, the White House announced Monday.

Why it matters: The updated guidance, which exempts children under the age of 18 from the vaccine requirement, is intended to provide further clarity for airlines and foreign nationals who have been restricted from traveling to the U.S. since early 2020.

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