Violation Tracker Individual Record

Company: 
Tesla Inc.
Current Parent Company: 
Tesla Inc.
Penalty: 
$20,000,000
Year: 
2018
Date: 
September 29, 2018
Offense Group: 
financial offenses
Primary Offense: 
investor protection violation
Violation Description: 

At the same time that Tesla CEO Elon Musk agreed to settle securities fraud allegations, the company settled allegations of failing to have required disclosure controls and procedures relating to Musk's tweets. Musk and the company each agreed to pay a penalty of $20 million.

Level of Government: 
federal
Action Type: 
agency action
Agency: 
Securities and Exchange Commission
Civil or Criminal Case: 
civil
HQ Country of Parent: 
USA
HQ State of Parent: 
California
Ownership Structure of Parent: 
publicly traded
Major Industry of Parent: 
motor vehicles
Specific Industry of Parent: 
motor vehicles and energy
Source Notes: 
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note: 
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.