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SEC Claims Musk Is In Contempt Of Court

Credit: Wochit News
Published 3 weeks ago - Duration: 00:40s

SEC Claims Musk Is In Contempt Of Court

According to Business Insider, the SEC alleged that Tesla CEO Elon Musk is in contempt of court.

The Securities and Exchange Commission added that two recent tweets violated a settlement with Tesla and its CEO.

Last September, the SEC sued Musk and Tesla after the electric car company's CEO made false and misleading statements on Twitter.

The settlement required Musk to get approval for tweets related to Tesla's business, while paying a hefty $20 million fine.

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SEC Claims Musk Is In Contempt Of Court

NO ARCHIVING, AUSTRALIA OUT, NEW ZEALAND OUT, PAPUA NEW GUINEA OUT, SOUTH PACIFIC OUT A JULY 8, 2018, PHOTO JUNE 14, 2018, FILE PHOTO 050718123427, 21334631, 32 A MAY 7, 2018, FILE

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