Musk, SEC Settle Legal Fight Over His Tweets About TeslaMore
(Bloomberg) — A regulatory fight over Elon Musk’s tweeting habit may be over — at least for now.
Tesla Inc.’s chief executive officer and the U.S. Securities and Exchange Commission said in a court filing Friday that they are settling a legal dispute over how Musk posts news about his electric-car company, avoiding a decision by a federal judge in New York on whether the billionaire should be held in contempt of court.
The SEC and Musk agreed to amend an earlier settlement to add specific topics he can’t tweet about or otherwise communicate in writing without advance approval from a Tesla lawyer. They include the company’s financial condition, potential mergers or acquisitions, production and sales numbers,