Elon Musk to seek Supreme Court appeal of SEC 'funding secured' case
A three-judge panel rejected Musk's claim that the SEC, which accused the billionaire of defrauding investors, exploited the decree to conduct harassing investigations into his use of Twitter, which he now owns and this week renamed X.
The consent decree was part of a settlement where Musk and Tesla each paid $20 million fines, Musk gave up his role as Tesla's chairman, and Musk agreed to let a Tesla lawyer approve some tweets in advance. But lawyers for the Tesla CEO said the SEC had no right to impose an unconstitutional"gag rule" as a condition of settling.
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