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SEC asks the judge to hold Elon Musk contemptuous



Musk is a tweet on Feb. 19 that "Tesla has made 0 cars in 2011, but will make about 500,000 in 2019." Regulators say Musk has not requested or obtained prior approval before publishing a tweet under the terms of the settlement agreement.

Hours later, Musk sent a follow-up message stating that the company will deliver just 400,000 cars this year.

The SEC court filed Monday for Tesla for more than 4% after trading. Tesla and and Musk reached separate deals worth $ 20 million with the SEC last fall to settle the allegations of securities fraud against the Chief Executive Officer. result. The Musk agreement is also required to receive approval from all social media with information that is "material" to the shareholders. Tesla said she would set up a board committee to monitor Muss's future jobs.

On Monday, DSK said Musk had "not made a diligent or bona fide effort" to implement the deal. CBS's "60 minutes" in December. Mouse said no one in the company could fix all his posts.

"The only tweets that were supposed to be … reviewed would be if a tweet is likely to cause movement in the stock," he said. "Otherwise, this is ̵

1; hello, the First Amendment."

Musk also said in the interview that he did not "respect" SIC. a potential deal to take a private Tesla.

Muss said he had received funding to take private Tesla at a price of $ 420 per share, leading to an increase in the company's shares. But he did not provide funding, according to the SEC.

Tesla and Musk's lawyers have not responded immediately to requests for comments Monday.


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