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Musk Defends Tesla Tweets That SEC Says Violated Court Order

  • Tesla CEO files response to claims of contempt in U.S. court
  • Punishment likely, but not loss of Tesla control, experts say
Elon Musk

Elon Musk

Photographer: David Paul Morris/Bloomberg
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Elon Musk told a New York judge that a pair of tweets he sent last month about Tesla Inc. weren’t improper, rebuffing a request by the U.S. Securities and Exchange Commission to hold him in contempt for violating earlier restrictions on his social-media posts.

The billionaire Tesla chief executive officer cited his constitutional right to free speech, his diligent attempt to comply with the restrictions and even his reduced volume of tweets in his defense to the SEC claims in a filing Monday in Manhattan federal court. The SEC said his Twitter posts forecasting production of the company’s electric vehicles were misleading and hadn’t been vetted as required by an earlier order.