Tesla’s Elon Musk Violated Settlement Related To Tweets, Says SEC
Updated at 1:05 p.m. ET on Tuesday
The Securities and Exchange Commission asked a federal judge to hold Tesla Inc. CEO Elon Musk in contempt for violating a court settlement that restricted what he could publish about his company’s performance.
In a court filing Monday,
the SEC argued that Musk had violated a settlement reached last year which required him to get approval from company officials before making any public statements that might impact Tesla’s stock price.
On Feb. 19, Musk tweeted that “Tesla made 0 cars in 2011, but will make around 500k in 2019.”
NPR
The SEC and Elon Musk: Round Two – SEC ACTIONS