Court rejects Musk challenge to deal requiring screening of Tesla posts ...Middle East

The Hill - Technology
Court rejects Musk challenge to deal requiring screening of Tesla posts
A federal appeals court rejected a challenge Monday from Tesla CEO Elon Musk asking the court to terminate an agreement he made with the Securities and Exchanges Commission (SEC). Musk made a settlement with the federal regulators after he posted tweets in 2018 that claimed he had secured funding to take Tesla private, which ended up causing Tesla's stock prices to jump and halt in trading. The agreement he made required Musk to have his tweets approved by a Tesla attorney before being posted. Musk and Tesla were also fined civil fees over the tweets that said he had the “funding secured” to make Tesla private at $420 per share. The SEC was looking into whether Musk violated this se

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