opinions

Supreme Court rejects Musk appeal over Tesla tweets

Font size+Author:Cosmic Compass news portalSource:entertainment2024-05-21 08:06:08I want to comment(0)

WASHINGTON (AP) — The Supreme Court on Monday rejected an appeal from Elon Musk over a settlement wi

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
  • Inquiry slams UK authorities for failures that killed thousands in infected blood scandal

    Inquiry slams UK authorities for failures that killed thousands in infected blood scandal

    2024-05-21 06:55

  • Beijing Half Marathon champion has medal taken away after other runners slowed down to let him win

    Beijing Half Marathon champion has medal taken away after other runners slowed down to let him win

    2024-05-21 06:05

  • BP defeated thousands of suits by sick Gulf spill cleanup workers. But not one by a boat captain

    BP defeated thousands of suits by sick Gulf spill cleanup workers. But not one by a boat captain

    2024-05-21 06:03

  • NWSL champion Gotham FC sign German goalkeeper Ann

    NWSL champion Gotham FC sign German goalkeeper Ann

    2024-05-21 05:23

Netizen comments