SEC Files To Hold Elon Musk In Contempt For Breaching Settlement

Tesla CEO Elon Musk settled with the Securities and Exchange Commission in 2018. The settlement ordered Musk to get pre-approval from company officials before tweeting. According to Gizmodo, the tweets only apply to those that may affect the company’s stock. On Feb. 19, 2019, Musk tweeted inaccurate numbers on Tesla vehicle production rates without approval. SEC filed to hold Musk in contempt, saying he violated the settlement they agreed on.