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The Ratings Game: Wall Street keeps the faith on Tesla despite Musk, SEC tiff

Wall Street was quick to criticize Tesla Inc.’s Chief Executive Elon Musk over his latest squabble with regulators, but stopped short of penalizing the company on Tuesday.

Tesla stock TSLA, -0.30% ended 0.3% lower on Tuesday, a day after the Securities and Exchange Commission asked a judge to hold Musk in contempt over a tweet about the Silicon Valley car maker’s production goals.

The SEC took issue with Musk’s tweet last week saying that Tesla would make “around 500k” vehicles in 2019, clarifying a few hours later that would be an annualized production rate at the end of the year of “probably around 500k” and deliveries for the year would still hover around 400,000.

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