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Violation Tracker Individual Record

Company: Tesla Inc.
Current Parent Company: Tesla Inc.
Parent at the Time of the Penalty Announcement:  subscribe to see this data field
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 Current Parent: USA
HQ State of Current Parent: California
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: motor vehicles
Specific Industry of Current Parent: motor vehicles and energy
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.