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SEC urged to “make an example” out of Elon Musk’s late Twitter filing 

Credit: Wall Street Journal/YouTube

Published

4 years ago

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Elon Musk and the Securities and Exchange Commission (SEC) might be facing off once again, this time over the Tesla CEO’s Twitter stake filings. 

Elon Musk allegedly committed filing violations while acquiring Twitter stock. By law, investors must notify SEC if they surpass 5% stake in a company within 10 days. According to a 13-D SEC filing, Musk passed 5% stake on March 14, but did not disclose his holdings until April 4. He should have disclosed his Twitter stake on or before March 24.

Elon Musk’s Twitter Stake Recap

To recap, a 13-G SEC filing was released on Monday, April 4, revealing that Elon Musk officially owned 73,486,938 shares of Twitter. The SEC filing also revealed that Musk owned 9.2% of Twitter stock, making him the single largest shareholder of the social media company. By Wednesday, April 6, Musk reclassified himself as an active investor of Twitter with the 13-D SEC filing. 

After the 13-D filing, talk of Musk joining the company’s Board of Directors circulated. A few days ago, Musk decided not to join Twitter’s Board of Directors. Joining the board would have limited Musk’s Twitter take to 14.9%. On April 11, the Tesla CEO updated his role in Twitter with an amendment to the 13-D filing, which stated that Musk could engage in Twitter strategy “without limitation.” 

SEC’s Main Issue with Elon Musk’s Twitter Stake

The main issue seems to be that Elon Musk continued to purchase Twitter stock at $39 a share between March 14 to April 4. After the 13-G SEC filling revealed Musk’s 9.2% Twitter stake, the company’s stock price increased to more than $50 a share. 

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Former SEC Chair Jay Clayton believes that SEC should investigate Musk’s Twitter gains. “I fully expect that the SEC is looking into this,” Clayton told Politico. The publication states that SEC’s new head Gary Gensler could force Musk to forfeit his gains between March 14 to April 4. 

“There is a real problem with folks filing the wrong files, and if they let Musk get away with this, then others may claim that there’s something known as selective enforcement,” noted former SEC head Harvey Pitt. 

An “Example” Out of Musk

Scott Galloway, a professor of marketing at the New York University Stern School of Business, stated that the SEC had failed to fully rein in Musk following his “funding secured” fiasco in 2018. The professor also stated that Musk’s delayed filings gave the CEO about $150 million. With this in mind, the SEC’s credibility could now be at stake with Musk’s delayed filing.

“Sometimes securities law violations, or tax issues, or other things the wealthy do to entrench their wealth are in the gray areas, they are complicated. That makes it hard to prosecute them. Not this.”

“(The rule) is simple, every large public market investor knows it, and there’s no doubt Elon broke it — which is why it is such a gift for the SEC. The regulators need to make an example of someone,” Galloway said, later adding that “If you can put Martha Stewart in the big house, you can fine Elon $150 million.”

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Maria--aka "M"-- is an experienced writer and book editor. She's written about several topics including health, tech, and politics. As a book editor, she's worked with authors who write Sci-Fi, Romance, and Dark Fantasy. M loves hearing from TESLARATI readers. If you have any tips or article ideas, contact her at maria@teslarati.com or via X, @Writer_01001101.

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Tesla begins Holiday Update rollout with some surprise features

On Monday, just a few days after Tesla first announced the Holiday Update, people started reporting that it was being deployed to owners.

Published

3 hours ago

on

December 9, 2025

By

Credit: Grok

Tesla has started the rollout of the 2025 Holiday Update, as several owners reported it had arrived in their cars via a software update.

Tesla’s Holiday Update is rolling out as Software Version 2025.44.25.1, and includes several new features. We did an extensive breakdown of what was included in another article, but we’ll list the new additions below:

  • Grok with Navigation Commands (Beta) – Grok will now add and edit destinations.
  • Tesla Photobooth – Take pictures inside your car using the cabin-facing camera
  • Dog Mode Live Activity – Check on your four-legged friend on your phone through periodic snapshots taken of the cabin
  • Dashcam Viewer Update – Includes new metrics, like steering wheel angle, speed, and more
  • Santa Mode – New graphics, trees, and a lock chime
  • Light Show Update – Addition of Jingle Rush light show
  • Custom Wraps and License Plates – Colorizer now allows you to customize your vehicle even further, with custom patterns, license plates, and tint
  • Navigation Improvements – Easier layout and setup
  • Supercharger Site Map – Starting at 18 pilot locations, a 3D view of the Supercharger you’re visiting will be available
  • Automatic Carpool Lane Routing – Navigation will utilize carpool lanes if enabled
  • Phone Left Behind Chime – Your car will now tell you if you left a phone inside
  • Charge Limit Per Location – Set a charge limit for each location
  • ISS Docking Simulator –  New game
  • Additional Improvements – Turn off wireless charging pad, Spotify improvements, Rainbow Rave Cave, Lock Sound TRON addition

On Monday, just a few days after Tesla first announced the Holiday Update, people started reporting that it was being deployed to owners.

It seems the release is a bit of an apology to a particular group, as it has only made its way to Hardware 3 vehicles, particularly the ones using the AMD Ryzen chip.

Tesla has excluded FSD-purchased and subscribed vehicles that are utilizing Hardware 3, so it seems there is a strategy to this limited rollout.

Two Surprise Additions

Tesla has added two additional features with the Holiday Update, which include a new Storage Space for Dashcam feature that shows how much space you have used and remaining on your USB drive.

Additionally, Tesla gamified Supercharging with a new “Charging Passport” feature, which we reported on earlier today.

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Tesla announces major milestone at Gigafactory Shanghai

First deliveries started in December 2019, with the first units being given to employees. By the end of 2020, the plant was building cars at a run rate of around 150,000 vehicles annually.

Published

6 hours ago

on

December 8, 2025

By

Credit: Tesla

Tesla has announced a major milestone at its Chinese manufacturing facility, Gigafactory Shanghai, confirming on Monday that it had built its four millionth vehicle.

Tesla Gigafactory Shanghai first started building cars back in October 2019 with Model 3 assembly, just ten months after the company broke ground on the plant’s 86-hectare piece of land.

First deliveries started in December 2019, with the first units being given to employees. By the end of 2020, the plant was building cars at a run rate of around 150,000 vehicles annually. Production continued to ramp up, and by September 2023, less than three years after it started building Tesla’s EVs, it had built its two millionth vehicle.

Fast forward to December 2025, and Tesla has confirmed that four million cars have rolled off of production lines at the plant, a major milestone in the six short years it has been active:

The capacity at Giga Shanghai is exceeding 950,000 vehicles per year, and this year, the company has delivered 675,000 cars through the first three quarters. It is also the only plant to manufacture the Model Y L, a longer wheel-based configuration of the all-electric crossover that is exclusive to the Chinese market.

Gigafactory Shanghai’s four million cars have not all stayed within the domestic market, either. For a considerable period, the factory was exporting a significant portion of its monthly production to Europe, helping Gigafactory Berlin supplement some Model Y volume and all of its Model 3 deliveries. This is due to the Berlin plant’s exclusive production plans for the Model 3.

The site is one of the most crucial in the company’s global plans, and Gigafactory Shanghai’s incredible pace, which has led to four million production units in just about six years. It’s fair to say that it won’t be long until we’re seeing Tesla celebrate the plant’s five millionth vehicle produced, which should happen sometime late next year or in early 2027, based on its current manufacturing pace.

The company also builds the Megapack on the property in an adjacent Megafactory.

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Tesla gamifies Supercharging with new ‘Charging Passport’

It will also include things like badges for special charging spots, among other metrics that will show all of the different places people have traveled to plug in for range.

Published

17 hours ago

on

December 8, 2025

By

Credit: MarcoRP | X

Tesla is gamifying its Supercharging experience by offering a new “Charging Passport,” hoping to add a new layer to the ownership experience.

While it is not part of the Holiday Update, it is rolling out around the same time and offers a handful of cool new features.

Tesla’s Charging Passport will be available within the smartphone app and will give a yearly summary of your charging experience, helping encapsulate your travel for that year.

It will also include things like badges for special charging spots, among other metrics that will show all of the different places people have traveled to plug in for range.

Tesla will include the following metrics within the new Charging Passport option within the Tesla app:

  • Charging badges: Iconic charging badges for visiting places like the Tesla Diner, Oasis Supercharger, etc., Explorer Badge, and more
  • Total Unique Superchargers Visited
  • Total Charging Sessions
  • Total Miles Added during Charging Sessions
  • Top Charging Day
  • Longest Trip
  • Favorite Charging Locations

This will give people a unique way to see their travels throughout the year, and although it is not necessarily something that is needed or adds any genuine value, it is something that many owners will like to look back on. After all, things like Spotify Wrapped and Apple Music Replay have been a great way for people to see what music they listened to throughout the year.

This is essentially Tesla’s version of that.

With a handful of unique Superchargers already active, Tesla is also building some new ones, like a UFO-inspired location in New Mexico, near Roswell.

Tesla is building a new UFO-inspired Supercharger in the heart of Alien country

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