Member LoginMember Login - User registration - Setup as front page - Add to favorites - Sitemap Supreme Court rejects Musk appeal over Tesla tweets !

Supreme Court rejects Musk appeal over Tesla tweets

Time:2024-05-21 16:26:32 source:Stellar Standpoint news portal

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 information
  • Baby Reindeer's real
  • The three missed opportunities to save Arthur Labinjo
  • 7 postal workers charged with mail theft from Rhode Island distribution hub
  • 4 people die in Croatia when car carrying migrants hits a wall as driver attempts to flee police
  • Ricky Stenhouse punching Kyle Busch could lead to suspension
  • New Kansas abortion clinic will open to help meet demand from restrictive neighboring states
  • How the geomagnetic storm that hit Earth last week could unleash wave of hurricanes
  • Could YOU be 'fat' and not realise it? Experts propose shake
Recommended content
  • Red Lobster seeks bankruptcy protection after closing some restaurants
  • 'Can you imagine having to see that?' Why Ant McPartlin's 'traumatised' ex
  • Fijian Drua face crucial home match against Queensland Reds in Super Rugby Pacific
  • Charles Bronson is 'living on his nerves' after being attacked in jail by convicted murderer, ex
  • The fightback begins: Boss of London's Queen Mary University tells pro
  • The three missed opportunities to save Arthur Labinjo