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Feb 28, 2019

Elon Musk could face contempt charge over latest controversial tweet

Elon Musk could face contempt charge over latest controversial tweetTesla boss Elon Musk could be held in contempt if a tweet is found to have violated a settlement deal agreed last year. US stock market regulator the Securities and Exchange Commission (SEC) has asked a court in New York to hold the chief executive in contempt for violating a $40m (£30m) settlement he reached five months ago. Now the US financial regulator is alleging that Mr Musk broke the terms of that agreement with a tweet on 19 February which showed an aerial photo of thousands of new Tesla vehicles and said the company would make about 500,000 cars in 2019.




from Yahoo News - Latest News & Headlines https://ift.tt/2Vp3IV2

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