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In October, Bloomberg reported that Musk was suing the SEC

Feb. 13, 2017 by Catherine Pope

In October, Bloomberg reported that Musk was suing the SEC for a $5 billion settlement. That lawsuit, filed in New York last month, accused the SEC of failing to warn investors about the "substantial and systemic risks" of shortselling and other short-selling. (The firm has since declined to comment.)

And this past Sunday, Musk's Twitter account announced that it would not honor its $1,000 pledge for an unspecified amount of time, until Musk's company's stock rises again.

But while Tesla shares had fallen by 1.6 percent in late August, after declining 1 percent in September, the company's shares have now fallen by more than 3.5 percent. The company had posted its most recent earnings in Q4, so its stock has dropped nearly 2 percent for the year. The SEC's latest filing says:

"The stock was up 1.9 percent after the first quarter of revenue and is now down 2.2 percent. The company's business was a little higher than expected, but its stock was up 2.5 percent following the announcement of the short sale and the first quarter of revenue. The earnings of the Tesla stock were up about 20 cents per share, or $100,000, to $3,531, or $40,000, and the shares were up 1.6 percent. . . . The stock was up 2.9 percent after the first quarter of revenue and is now down 2.2 percent. The share of Tesla's cash outstanding was $2.8 million, or 7.3 percent, and the shares were up 9.8 percent after the announcement of the short sale and the first quarter of revenue."

"The stock was up 1.9 percent after the first quarter of revenue and is now down 2.2 percent. The shares were up 1.6 percent after the announcement of the short sale and is now down 2.2 percent. The share of Tesla's cash outstanding was $2.8 million, or 7.3 percent, and the shares were up 9.8 percent after the announcement of the short sale and the first quarter of revenue."

"The stock was up 1.9 percent after the first quarter of revenue and is now down 2.2 percent. The shares were up 1.6 percent after the announcement of the short sale and is now down 2.2 percent. The share of Tesla's cash outstanding was $2.8 million, or 7.3 percent, and the shares were up 9.8 percent after