Supreme Court rejects Musk appeal over Tesla tweets
Time:2024-05-21 06:16:34 Source:businessViews(143)
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.
You may also like
- Rangers are undefeated at .500 to keep World Series champs from a losing record with Bochy
- Sergio Aguero's iconic title
- Travis Kelce hilariously ripped for his old tweets at New Heights live
- How DO you deal with a problem like Gary Lineker?
- Analysis: Larson enters conversation with Verstappen as best drivers in the world
- Immigration declines nearly half of study visa applications from India so far this year
- Public servants on edge over nerve
- Ole Gunnar Solskjaer is cut from 80/1 to ODDS
- Kosovo prepares a new draft law on renting prison cells to Denmark after the first proposal failed