WASHINGTON (AP) — The Supreme Court on Monday rejected an appeal from Elon Musk over a settlement with securities regulators that requires him to get approval in advance of some tweets that relate to Tesla, the electric vehicle company he leads.
The justices did not comment in leaving in place lower-court rulings against Musk, who complained that the requirement amounts to “prior restraint” on his speech in violation of the First Amendment.
The case stems from tweets Musk posted in 2018 in which he claimed he had secured funding to take Tesla private. The tweets caused the company’s share price to jump and led to a temporary halt in trading.
The settlement with the Securities and Exchange Commission included a requirement that his tweets be approved first by a Tesla attorney. It also called for Musk and Tesla to pay civil fines over the tweets in which Musk said he had “funding secured” to take Tesla private at $420 per share.
Related articles:
Related suggestion:
Xizang's traditional culture effectively inherited and protected: expertInside the China Online Audiovisual Annual GalaNew Yorkers wrap up Lunar New Year celebrations with big paradesJoel Embiid sits out as 76ers zip past Nets 107British jets shoot down Iranian drones over Syrian borderYoung Chinese vlogger strengthens ChinaSilk culture festival and temple fair parade held in HuzhouLantern Festival function held for Taiwan business people on mainlandThree Homes Rayner? Would Labour's Deputy Leader inherit the perk of 18thDelegation of Taiwan youth led by Ma Ying
3.1722s , 5560.0078125 kb
Copyright © 2024 Powered by Supreme Court rejects Musk appeal over Tesla tweets ,Global Glean news portal