Elon Musk must explain by March 11 why he should not be held in contempt, U.S. District Judge Alison Nathan ordered on Feb. 26. The Securities and Exchange Commission had requested such a move the previous evening.
The Tesla chief executive posted a tweet about the electric-car maker’s production levels on Feb. 19, which the SEC argues violates an agreement struck last year. Also on Feb. 26, Musk tweeted that “omething is broken with SEC oversight,” a day after saying it was “embarrassing” for the SEC to go after him for his Feb. 19 tweet.
Reuters AntonyMCurrie elonmusk talking to you. I do not read.
Reuters AntonyMCurrie Where have I seen this before? 🤔
AntonyMCurrie I wish he could just keep his mouth shut.
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Tesla board should brace for Elon Musk impactThe electric-car maker's CEO mocked the SEC after it asked a court to hold him in contempt for a production targets tweet. His flouting of rules and accuracy has become a serious liability. It’s time for directors to plan an emergency route in case Musk's power completely drains. AntonyMCurrie Thats why I don’t follow him ReutersBiz AntonyMCurrie No one cares. ReutersBiz AntonyMCurrie Try and do it without him. I dare you. Mind you, he is daring you.
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