A federal judge has given Elon Musk until March 11 to explain why he shouldn’t be held in contempt. The Securities and Exchange Commission requested the judge’s move on Monday, arguing that a recent tweet about Tesla’s 2019 production plans was inaccurate and breached a settlement Musk signed in September.
But Musk shows no sign of backing down. “Something is broken with SEC oversight,” he tweeted on Tuesday.
Musk may ultimately regret taking such a defiant tone.
‘Enforcement 40’ for 2020
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