“Tesla still appears unwilling to exercise any meaningful control over its CEO,” SEC lawyer Cheryl Crumpton told the judge Thursday. “He is regularly tweeting about communications that could be material and blowing past the approval process.”
But judge declined to spank Musk — choosing instead to order the Tesla CEO and the SEC to work their issues out privately.
“Take a deep breath, put your reasonableness pants on and work this out,” Nathan told Musk and the SEC’s lawyers at the end of a nearly two-hour hearing.
via Judge orders Elon Musk to put ‘reasonableness pants’ on, settle SEC claims.