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Tesla Slides as Musk Lashes Out at SEC, Renews Short Attack

  • ‘Shortseller Enrichment Commission’ post ushers a tweet storm
  • Billionaire exposes carmaker to risk of tougher penalties
Bloomberg business news
Elon Musk Throws Tweet Shade at SEC, Tesla Falls Again
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Another day, another tweet storm from Elon Musk that’s sent Tesla Inc. shares tumbling.

The stock dropped as much as 6.6 percent as of 12:12 p.m. Friday in New York, after Musk fired off more than a dozen tweets targeting the Securities and Exchange Commission and short sellers the night before. He mocked the agency that he settled a lawsuit with only days earlier, referring to the regulator as the “Shortseller Enrichment Commission” and sarcastically quipping that it was “doing incredible work.”