*By Kavitha Shastry* Shares of Tesla fell Friday morning after CEO Elon Musk's latest tweet seemed to reignite drama between him and the SEC. "Just want to \[say\] that the Shortseller Enrichment Commission is doing incredible work. And the name change is so on point!" the often-erratic exec [posted](https://twitter.com/elonmusk/status/1047943670350020608) Thursday afternoon. The apparent jibe came just days after Musk settled civil securities fraud charges with the regulator, agreeing to step down as chairman for three years and pay a $20 million fine, with Tesla ($TSLA) paying an additional $20 million. Part of the deal reportedly also required him to get approval for all tweets related to his company before posting. Whether Musk's new tweet puts that agreement in jeopardy is unclear ー just hours before the post, a federal judge, who still must sign off on the deal, asked both Musk and the SEC to submit letters justifying why the settlement is "fair and reasonable". All this stems from another Musk [tweet](https://twitter.com/elonmusk/status/1026872652290379776) in early August in which he claimed to have "funding secured" to take Tesla private at $420 a share, what would have been more than a 20 percent premium at the time. Shares spiked on the statement, but pulled back sharply after Musk admitted a deal hadn't yet been reached and ultimately [backed off](https://www.tesla.com/blog/staying-public) of plans entirely. The SEC launched an investigation into whether Musk violated securities laws by making "reckless" statements that caused such dramatic movements in the stock and lost some investors significant amounts of money. The agency was reportedly close to a deal when Musk pulled out at the last minute, prompting it to file a lawsuit last Thursday that was settled over the weekend. Musk was [reportedly](https://www.wsj.com/articles/mark-cuban-prodded-teslas-elon-musk-to-settle-sec-charges-1538678655?mod=searchresults&page=1&pos=3) encouraged to reach an agreement by Mark Cuban, who settled insider trading charges from the SEC five years ago. The Dallas Mavericks owner told Musk that fighting such charges would distract him from running his companies. In addition to Tesla, Musk is also CEO of SpaceX, The Boring Company, and Neuralink. For full interview [click here](https://cheddar.com/videos/tesla-shares-continue-to-spiral-after-musk-pokes-fun-at-sec).

Share:
More In Business
Amazon Hacks to Save You Money After Prime Day
If you're shopping on Amazon and want to save even more money after Prime Day, Cheddar News has got you covered. Senior reporter Michelle Castillo talked to the experts at the company to find out how you can keep an eye on deals and even get cash back on your household purchases.
Don't Be 'The Bear.' Take Your Business From Stressful to Successful
Did you happen to watch the series The Bear? The show follows a struggling small business owner in Chicago who is trying to save his business.  It's a story a lot of small business owners in the U.S. can relate to. To help out these struggling entrepreneurs, Cheddar News brought on an expert here to help take your company from stressful to successful.
GOP AGs Move Anti-Affirmative Action Fight to the Workplace
The court’s ruling applies to higher education institutions and other entities that receive federal funding and doesn’t directly change private employer obligations, but business leaders might pull back diversity, equity and inclusion programs to avoid lawsuits.
Load More