Musk Judge Sends SEC, Tesla CEO Back to Negotiating Table
- U.S. District judge wants report in two weeks about resolution
- Regulator is seeking contempt ruling after February tweet
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Elon Musk and the SEC have two weeks to work out their differences over how the billionaire CEO posts Tesla Inc. news on social media, or a judge in New York said they’d hear from her.
The U.S. Securities and Exchange Commission claims Musk violated an October settlement with a Feb. 19 post on Twitter and wanted him found in contempt of court. U.S. District Judge Alison Nathan questioned the specifics of the deal and told the two sides to rework the language so there won’t be any ambiguity on what Musk is allowed to post and what he can’t.