Elon Musk and USA securities regulators have settled their dispute over the Tesla boss's tweets, with Mr Musk agreeing to having his future communications regarding the electric-car maker pre-approved by a company-employed expert.
Friday's settlement was a serious matter: Musk could have faced sanctions for contempt of court if he failed to patch up the rift with the SEC over whether he was following the terms of an earlier settlement.
Tesla's Gigafactory 3 in Shanghai, China, is on track to roll the first Model 3 off the production lines in September of this year. Musk didn't get this tweet cleared by Tesla lawyers.
Launches in Japan, Australia, New Zealand, and Hong Kong will follow "shortly thereafter", Musk said. After an investigation, the regulator sued, saying Musk had misled investors.
Word of a settlement came just days after Tesla disclosed a heavy loss in the first quarter as auto deliveries sputtered overseas and a U.S. tax credit that made its prices more attractive was reduced.
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The agency had alleged that Mr Musk violated a previous settlement requiring his tweets to be approved by a lawyer if they disclose important company facts.
The origins of the long-running dispute come from a Musk tweet where he said "funding secured" for a go-private deal at $420/share. Musk paid a $20 million fine to settle the case and agreed to have his social media interactions overseen by Tesla attorneys.
They said the SEC was violating Mr Musk's First Amendment rights to free speech.
In February, Musk tweeted that Tesla "will make around 500k in 2019".
Following his tweet, the price of the company's shares jumped by as much as 13 percent, according to the Guardian.
Responding to their petition with a defense that practically snarled at the SEC and called them authoritarian bullies with sensitive egos certainly wouldn't endear Musk to any SEC regulator who may have been debating what sanction to seek against Musk had the SEC prevailed.
The judge had urged both sides to try to eliminate ambiguities in the earlier settlement, which required Musk to get internal approval before issuing some tweets.