The Securities and Exchange Commission has asked a federal judge to hold Tesla CEO Elon Musk in contempt for sending out an inaccurate tweet, according to a court document filed today in the Southern District of New York.
According to SEC officials, Musk violated the rules of a settlement reached last fall regarding his use of Twitter to disclose financial information about the electric carmaker. As part of the settlement, Musk stepped down as chairman of the company, but remained its CEO. He also agreed to seek legal approval before tweeting anything that might materially impact Tesla, a stipulation of the deal Musk himself told 60 Minutes last December had not been implemented. Tesla didn’t respond to requests for comment.
Elon Musk might be held in contempt of court over a Tesla tweet