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Musk Tweet Fund Adminstrator Isn’t Filing Statements, Judge Says

Elon Musk

Elon Musk

Photographer: Al Drago/Bloomberg

A judge is questioning the status of a $40 million fund that was established from fines paid by Elon Musk and Tesla Inc. over controversial tweets.

The firm appointed in May to administer distributions from the fund, set up by the U.S. Securities and Exchange Commission for harmed investors, hasn’t filed required accounting statements, U.S. District Judge Alison Nathan said in an order Tuesday. She directed Rust Consulting to submit a status report by Jan. 7.