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 10:27:16 source:International Impression 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
  • Here comes the char
  • Pep Guardiola is spotted wearing a £1.1MILLION watch while managing Man City against Real Madrid
  • The Golden Bachelor couple Gerry Turner and Theresa Nist are getting a divorce
  • Venezuelan beauty queen Wilevis Brito, 24, dies following surgery on jaw and lip
  • Burglar hurled stolen mobile phones at police from the top of 60ft high roof during nine
  • There's the Wallys! Darts fans brawl in the crowd
  • Video shows Victim Support worker 'bragging' about smacking his children
  • Ivan Toney and Brentford teammate Nathan Collins have a heated argument on the pitch
Recommended content
  • Kate Hudson hits the stage to debut songs from her new album Glorious at star
  • Kyle Richards rocks a tuxedo while ex
  • Forget the World Cup, Euros or Super Bowl
  • The 10 worst movie sequels of all time REVEALED
  • Messi in and Dybala out in Argentina squad for pre
  • Erik ten Hag admits he is relieved Harry Maguire stayed at Man United amid injury crisis