The SEC wanted a judge to hold him in contempt.
Elon Musk quietly accepted their judgement and … just kidding. In a court filing, on the day of the deadline for his response, the Tesla CEO accused the SEC of “unprecedented overreach,” warned that his First Amendment rights were at risk of being violated, and patted himself on the back for “dramatically” reducing “his volume of tweets.”
So, let’s break this down. After the infamous “funding secured” tweet, Musk reached a settlement with the U.S. Securities and Exchange Commission (SEC) that required him to get pre-approval from Tesla before sending out tweets “that contain, or reasonably could contain, information material” to the company or its shareholders. Read more…
More about Twitter, Tesla, Elon Musk, Tech, and Big Tech Companies