INSUBCONTINENT EXCLUSIVE:
Last week, Elon Musk accused the United States Securities and Exchange Commission of harassing him.The United States Securities and
Exchange Commission is investigating whether recent stock sales by Tesla Inc Chief Executive Elon Musk and his brother Kimbal Musk "violated
insider trading rules", the Wall Street Journal reported on Thursday, citing people familiar with the matter.According to the report, the
investigation began last year after Kimbal sold shares of the electric carmaker valued at $108 million, a day before Musk polled Twitter
users asking whether he should offload 10% of his stake in Tesla.Kimbal Musk did not know about the Twitter poll ahead of it, Elon Musk told
the Financial Times in an email, adding that his lawyers were "aware" of the poll.An earlier settlement with the SEC required his public
statements about the company's finances and other topics to be vetted by its legal counsel.The SEC issued a subpoena on November 16, ten
days after Musk's poll, seeking information related to some financial data.The potential probe would escalate Musk's battle with
regulators as they scrutinize his social media posts and Tesla's treatment of workers, including accusations of discrimination.Last week,
Musk accused the SEC of harassing him and Tesla with an "endless" and "unrelenting" investigation to punish him for being an outspoken
critic of the government.Elon Musk's share sales in November were automatically executed according to a trading plan he had created on
September 14, showed a filing disclosing share sales, including stock options that were supposed to expire in 2022.Tesla's stock has
fallen about 33% since Musk began selling billions of dollars worth of shares on November 8, few days after the poll where 58% of voters
asked him to sell.Tesla and Kimbal Musk did not immediately respond to Reuters' requests for comment
A spokesperson for the SEC declined to comment.
