The Tesla CEO said he respects the US judicial process, but chuckled when asked if he felt the same about the SEC as he entered court.
A federal judge gave Tesla CEO Elon Musk and the Securities and Exchange Commission two weeks to work out their differences, punting a request from the agency to hold him in contempt of court.
Musk is in New York for a hearing on contempt charges requested by the SEC after it said he violated the terms of its October settlement over securities fraud. Musk tweeted about the company's production forecasts on Feb 19, despite agreeing to stop using Twitter to make statements about Tesla's operations or financial position without company review and approval.
When CNBC's Phil LeBeau asked Musk if he felt the same about the SEC, the CEO laughed and walked away. "The court and SEC are in a bit of a bind here because capital punishment, if you will, would be ... throwing him out of company or banning him from running any public company from now on for violating this agreement with the SEC," Paul Ingrassia, Revs Institute for Automotive Research editor, said on CNBC's"The Exchange" on Thursday."He is viewed as being the essence of Tesla. It's his brainchild.
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