Bloomberg Law
Feb. 26, 2019, 12:03 AM UTCUpdated: Feb. 26, 2019, 2:47 PM UTC

Musk Faces U.S. Contempt Claim for Violating Accord With SEC (4)

Bob Van Voris
Bob Van Voris
Bloomberg News
Matt Robinson
Matt Robinson
Bloomberg News
Ben Bain
Ben Bain
Bloomberg News
Dana Hull
Dana Hull
Bloomberg News

Elon Musk is facing a new round of regulatory trouble for tweets about Tesla Inc., raising fresh concerns about the chief executive officer’s ability to keep his impulses in check and responsibly run a public company.

The U.S. Securities and Exchange Commission Feb. 25 asked a judge to hold Musk in contempt for violating a settlement that required him to get Tesla’s approval before communicating material information to investors. He breached that deal with a Feb. 19 tweetthat said Tesla would make about half a million cars in 2019, the agency claims. The CEO posted a few hours later ...

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