Elon Musk's tequila is called 'Teslaquila', and he says it's 'coming soon'

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Drinking and driving don't mix, but what about Tesla and tequila?

While the company didn't respond to a request for comment, Elon Musk did tweet a photo of what seems to be a Teslaquila prototype. The news is just the latest development in a tumultuous year for the CEO.

It is meant to create more oversight of Mr Musk, who provoked the charges when he claimed on Twitter that he had secured funding and might take the firm private.

"We therefore respectfully submit that the court should accept and enter the proposed consent judgments", they said in a letter filed with the U.S. District Court, Southern District of NY. SEC settlements haven't met much resistance from courts since a judge's decision to reject a settlement between the SEC and Citigroup Inc.

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Musk is the public face of Tesla, and any chairman would have to contend with his powerful personality.

The commission alleged that Musk hadn't locked up the estimated $25 billion to $50 billion that it would have required to pull off that deal, and wanted to punish him by forcing him out as Tesla's CEO. The tech billionaire accepted a $20m fine and agreed to step down as chairman as part of the settlement.

"Just want to [sic] that the Shortseller Enrichment Commission is doing incredible work", Musk, a frequent critic of investors betting against the electric auto company, wrote. The SEC intends to distribute the penalties to affected investors, it said.

"It's a good reminder to the board that ultimately it is the stockholders that matter", he said.

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Musk retweeted the story to his 22.9 million Twitter followers, writing "Teslaquila coming soon".

He has also found himself accused of libel after he claimed on more than one occasion that one of the British divers who helped rescue the Thailand boys football team trapped in a cave of being a pedophile. Musk described the diver as a pedophile in a tweet that has since been deleted.

"The proposed settlements in this case are fair", lawyers for the SEC, Tesla and Musk said in the filing.

Shares of Tesla closed Thursday down 1.8 percent at $252.23 as the Dow Jones Industrial average dropped over 500 points.

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