The federal regulator has until March 19 to file a brief.
The SEC previously asked the court to hold Musk in contempt, saying his tweet violated a September fraud settlement barring him from sharing material information about Tesla on social media without the company's preapproval.
The US Securities and Exchange Commission has until March 19 to file a brief, and US District Judge Alison Nathan gave both parties until March 26 to request an evidentiary hearing. The renewed public battle between Tesla's chief executive and the SEC adds pressure on Musk, the public face of Tesla, who is struggling to make the company profitable after cutting the price of its Model 3 sedan to $35,000.
Lawyers for Musk said the tweet complied with the company's communication policy for senior executives and was a"proud and optimistic restatement of publicly disclosed information."
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Elon Musk’s lawyers say SEC is overreaching in seeking contempt rulingAttroneys for Elon Musk on Monday accused the Securities and Exchange Commission of “concerning and unprecedented overreach” in their effort to ask a federal judge to hold the Tesla Inc. chief executive in contempt of court.
Lire la suite »
Elon Musk defends his Tesla tweets and says SEC is overreachingElon Musk told a judge that a pair of tweets he sent last month about Tesla weren’t improper, pushing against a request by the U.S. Securities and Exchange Commission to hold him in contempt for violating earlier restrictions on his social media posts.
Lire la suite »
Elon Musk's defense of his Tesla tweet will get SEC responseThe top U.S. securities regulator received permission from a federal judge on Tu...
Lire la suite »
U.S. SEC wants to respond to Elon Musk's defense of Tesla tweetThe top U.S. securities regulator on Tuesday sought permission from a judge to r...
Lire la suite »
Tesla's Elon Musk could be suspended as CEO in latest SEC scuffle, securities lawyers saySecurities lawyers, some of whom worked at the SEC, said Elon Musk's tweets about Tesla production look like a clear violation of his agreement with the agency, and that he could face a suspension or further consequences.
Lire la suite »
Elon Musk says the SEC is trying to trample on his freedom of speechElon Musk is making his case for why a US federal court should reject a request by the Securities and Exchange Commission to hold him in contempt over one of his tweets about Tesla
Lire la suite »
Elon Musk shoots down U.S. regulator's complaint about his Tesla tweetWATCH: Elon Musk shoots down U.S. regulator's complaint about his Tesla tweet via ReutersTV
Lire la suite »