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SEC, Musk Ordered To Resolve Tweet Issues Out Of Court Over Tesla Tweets

OilPrice.com Friday, 5 April 2019
A New York District Judge ordered the Securities and Exchange Commission and Elon Musk to settle their differences regarding a tweet by the Tesla CEO out of court. “Take a deep breath, put your reasonableness pants on, and work this out,” Reuters quoted Judge Alison Nathan as saying during the hearing. SEC took Musk to court after he tweeted that Tesla will manufacture half a million cars this year. The tweet, however, was quickly followed by another one, clarifying that “Meant to say annualized production rate at end of…
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News video: Tesla's Musk and SEC face off in U.S. court over tweet

Tesla's Musk and SEC face off in U.S. court over tweet 01:29

Lawyers for Tesla Chief Executive Elon Musk will try to convince a Manhattan federal judge on Thursday that he should not be held in contempt for violating a fraud settlement with the Securities and Exchange Commission. Chris Dignam has more.

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