Musk had until Monday to explain why he shouldn’t be held him in contempt of court over a tweet on Feb. 19, published outside trading hours, which the SEC said violated a September settlement agreement with the unpredictable CEO.
His lawyers disagreed, arguing that the tweets in question complied with the earlier SEC settlement terms. They said the CEO “has dramatically reduced his volume of tweets generally and regarding Tesla in particular,” and has been diligent — even self-censoring — in his efforts to comply with the terms of that earlier settlement.
‘Enforcement 40’ for 2020
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