Elon Musk is making his case for why a US federal court should reject a request by the Securities and Exchange Commission to hold him in contempt over one of his tweets about Tesla
New York .
"The Securities and Exchange Commission's request that Musk be held in civil contempt for a single, immaterial tweet that dutifully complied with [a court-ordered settlement] is incorrect on the facts and on the law," the billionaire Tesla CEO's lawyers said in a court filing late Monday, which was the deadline for their response.Their argument appears likely to escalate Musk's long-running feud with the SEC.
— Elon Musk February 20, 2019 A mistake like that typically wouldn't get the SEC too excited. But Musk has been battling with the agency since last fall. It sought to have him removed as CEO after he tweeted in August that he had"funding secured" to take the company private. It later turned out that he had talked to investors about backing such a bid but secured nothing.
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