Elon Musk is taking his SEC fight to the Supreme Court
The new appeal comes a day after a judicial panel denied Musk's request that judges reexamine the case. The entrepreneur previously claimed he was pushed into the decree, and had to give up his right to contest the constitutionality of the SEC's terms if he wanted to pursue the
. The truce saw a total of $40 million in fines between Musk and Tesla, and required that Musk both step down as board chairman and seek legal approval when posting about company financials.considering taking Tesla private and had"funding secured" with"investor support." The deal never went through, and shareholders pinned ensuing losses on Musk's posts. The Commission sued Musk over the tweets, arguing that they could be considered fraud.
During a shareholder trial, Musk contended that people didn't necessarily believe or respond to his tweets the way you'd expect. He pointed to one example where Tesla's stock price surged despite a tweet saying the value was too high. At the same time, he acknowledged that he has ignored requests to stop tweeting over delicate subjects, such as when heGreat deals on consumer electronics delivered straight to your inbox, curated by Engadget’s editorial team.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Elon Musk to appeal loss in SEC case to Supreme CourtElon Musk plans to ask the U.S. Supreme Court to consider whether the Securities and Exchange Commission overstepped its authority in enforcing a consent decree that he has called a 'muzzle' on his free speech.
Read more »
Elon Musk to seek Supreme Court appeal of SEC 'funding secured' case - AutoblogElon Musk plans a U.S. Supreme Court appeal of the SEC consent decree over his tweets that he has called a 'muzzle' on his free speech.
Read more »
Elon Musk Rebrands Twitter to X, DOGE Spikes As Logo Appears on Musk’s Profile | CoinMarketCapElonMusk announced on Sunday that he would be changing the social media platform's logo from the iconic blue bird to “X”. 👀
Read more »
Mark Zuckerberg earns a blue belt in jujitsu ahead of potential fight with Elon MuskMeta CEO Mark Zuckerberg is hard at work preparing for the potential cage match between him and Twitter owner Elon Musk, posting to social media he has now earned a blue belt in jujitsu.
Read more »
Elon Musk is rebranding Twitter to ‘X’ and killing the bird logo | EngadgetElon Musk is rebranding Twitter to ‘X’ and killing the bird logo
Read more »