Tesla CEO Elon Musk shot back against U.S. securities regulators on Monday, arguing in a filing that his recent tweet about the electric vehicle maker's production volume did not violate the court's judgment.
Tesla Chief Executive Elon Musk shot back against U.S. securities regulators on Monday, arguing in a filing that his recent tweet about the electric vehicle maker's production volume did not violate the court's judgment and there is no basis to issue contempt against him.
The SEC had asked the court to hold Musk in contempt, saying his Feb. 19 tweet violated an September fraud settlement barring him from sharing material information about Tesla on social media without the company's pre-approval. Tesla has backed off a plan to close all its U.S. stores and said it will instead raise prices of its higher-end vehicles by about 3 percent on average.
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