WASHINGTON (dpa-AFX) - Elon Musk, billionaire investor and CEO of Tesla Inc. (TSLA), on Thursday mocked the U.S. Securities and Exchange Commission calling them 'Shortseller Enrichment Committee' only days after he settled a fraud charges with the agency.
Musk's Twitter account on Thursday evening tweeted, 'Just want to that the Shortseller Enrichment Commission is doing incredible work. And the name change is so on point!'
Musk's tweet was in a sarcastic tone and seems to reignite his battle with the regulator.
Later, Musk responded to someone on Twitter who said he needed 'a social team that can get attention without typos and without enraging the Shortseller Enrichment Committee.'
Musk replied, 'Sorry about the typo. That was unforgivable. Why would they be upset about their mission? It's what they do.'
These sarcastic tweets comes just less than a week after Musk reached a settlement agreement with SEC regarding the 'taking private' tweet. He has agreed to step down as Tesla chairman for three years and have his Twitter messages and other public communications material vetted by the company. He and Tesla will have to pay $20 million penalty each as well.
The settlement deal has also hit a roadblock after a federal judge reportedly asked Musk and the SEC to submit a joint letter justifying their settlement agreement. The judge asked for the letter to be submitted before October 11 and not to exceed 10 pages.
TSLA closed Thursday's trading at $281.83, down $12.97 or 4.40%, on the Nasdaq. The stock further dropped $8.93 or 2.92% in the after-hours trade.
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