Tesla (NASDAQ:TSLA) has received a second subpoena from the U.S. Securities and Exchange Commission over its Chief Executive Elon Musk’s tweets in 2018 about taking the company private, the electric automaker disclosed in a regulatory filing on Monday.
The company said it received the subpoena on June 13 and will cooperate with the government authorities. The regulator did not immediately respond to a Reuters request for comment.
In November last year, the regulator had subpoenaed Tesla related to a settlement that required Musk’s tweets on material information to be vetted.
Musk had in 2018 settled a lawsuit by the regulator over his go-private tweets by agreeing to let the company’s lawyers pre-approve tweets with material information about the company.
In June, Musk appealed a judge’s refusal to end this 2018 agreement with the SEC.
Separately, Tesla said it has converted about 75% of its bitcoin holdings into fiat currency and has recorded an impairment charge of $170 million related to the asset.
As of June 30, the fair market value of its digital assets was worth $222 million, it said in the filing.
The EV manufacturer also updated investors on legal proceedings related to its “toxic workplace culture.”
The case of Diaz v. Tesla, which alleged workplace discrimination on the basis of race had originally concluded with a reduced award of $15 million, cut from over $136 million, awarded to the plaintiff. However, the plaintiff rejected the reduced award and instead opted for a new trial to challenge the auto manufacturer. That trial has been set for March 2023.
TSLA shares were off $5.81 to open Monday at $810.92
