Musk claims he never lied to shareholders.
Tesla CEO Elon Musk is asking a federal judge to toss a consent decree with the Securities and Exchange Commission that requires his tweets to be approved by a lawyer before he can post them.
The decree, which was signed in 2018 after Musk’s infamous “funding secured” tweet, is being used “to trample on Mr. Musk’s First Amendment rights and to impose prior restraints on his speech,” his lawyers said in a court filing Tuesday. Musk is also seeking to blockMusk sent the notorious tweet on August 7th, 2018, in which he claimed to have the funding to take Tesla private at $420 a share.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: