A tweet about Tesla Inc production targets by Elon Musk was 'a blatant violation' of a court order to get his written communications pre-approved, ...
NEW YORK: A tweet about Tesla Inc production targets by Elon Musk was"a blatant violation" of a court order to get his written communications pre-approved, U.S. securities regulators told a judge on Monday , doubling down on the government's demand to find the Tesla CEO in contempt of a previous fraud settlement.
In response, Musk had argued that his"single, immaterial" tweet was in compliance with the settlement, and that the SEC's push to find him in contempt infringed on his free speech.. "It is therefore stunning to learn that, at the time of filing of the instant motion, Musk had not sought pre-approval for a single one of the numerous tweets about Tesla he published in the months since the court-ordered pre-approval policy went into effect," the SEC said in Monday's filing.
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