Elon Musk has lost a bid to postpone his 2018 agreement with the U.S. Securities and Exchange Commission which led to a review of his tweets related to Tesla Inc. is a domestic officer named “Twitter Sitter” for a senior official.
Why Elon Musk Just Bought Twitter
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On Monday, Elon Musk bought Twitter for $ 44 billion. Musk, C.E.O. of Tesla, the world's richest man, plans to take over a private communications company, and says he wants Twitter to be more...
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Tesla stock fell 11% on Tuesday as investors scrambled with Elon Musk for Twitter acquisition and increased EV competition. Musk uses most of his Tesla stake as collateral to finance the $ 44 billion acquisition on social media. Meanwhile, Ford said it was facing a strong demand for its F-150 and that it plans to produce 150,000 units by 2023. Tesla&#...
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Twitter has announced that it welcomes Elon Musk's $ 44 billion promise to buy on Monday. Jeff Bezos took to Twitter to ask if Tesla's business dealings in China would empower the company. Twitter has been banned in China since June 2009 as part of the country's "Great Firewa...
A New York judge on Wednesday also denied Musk's attempt to block the SEC subpoena seeking details about Tesla's public disclosure control.
Musk last month asked the judge to end his oversight of his tweets, saying the SEC was harassing him with very broad investigative requirements and that the 2018 agreement violated his right to free speech. He dismissed the organisation's arguments for agreeing to the limits freely and that reviewing his tweets by the company's defense attorney did not include government control of his speech. The judge agreed with the SEC.
"Musk cannot now seek to cancel his contract deliberately and voluntarily by simply complaining that he felt he had to agree to it at the time but now - if the thought of guilt is a distant memory and his company has, in his estimation, all unbearable - wishes he had not," said the District Judge. U.S. Lewis Liman in Manhattan with written opinion.
The decision comes as Musk, 50, appears to have won his bid to buy Twitter.
The case is U.S. Securities and Exchange Commission v. Musk, 18-cv-08865, U.S. District Court, Southern District of New York (Manhattan).
