Elon Musk faced scrutiny from Tesla executives after he tweeted that Reuters was lying about Tesla discontinuing its $25,000 model. Internal communications revealed that Musk had previously informed his team that the project was cancelled. Executives questioned him about reversing his decision without their knowledge. This situation is particularly sensitive due to Musk's history with the SEC over his tweets, which previously resulted in a $40 million settlement for misleading statements. Despite his SEC agreement requiring tweet vetting by a lawyer, Musk reportedly has not been following this protocol, leading to ongoing concerns among executives.
Elon Musk's misleading tweet about Tesla's $25,000 model caused concern among executives over potential SEC repercussions, highlighting ongoing scrutiny of his public statements.
Tesla executives challenged Musk after he denied killing the cheaper model, despite having previously communicated the project's cancellation to them internally.
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