Musk had until the end of the day Monday to respond to an accusation by the Securities and Exchange Commission that he violated terms of a court-endorsed deal between him and the regulatory agency stating that he should avoid sending any tweet that could affect the price of Tesla shares.
SAN FRANCISCO - Lawyers for Tesla chief Elon Musk on Monday argued that US regulators overstepped their bounds by calling for him to be held in contempt for a tweet.
Musk merely put his "shorthand gloss" on Tesla production numbers consistent with information already public and in a manner that was "celebratory and forward-looking," according to his attorneys. Musk, 47, is a visionary and inventive boss but is also highly unpredictable, especially on social network Twitter, where he has often communicated in defiance of rules imposed on executives of publicly-traded companies.
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