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 14:28:13 source:Global Graph 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
  • The Latest
  • Lala Kent pens a heartfelt tribute to her father on the sixth anniversary of his tragic passing
  • Jason Sudeikis and ex Olivia Wilde beam at their kids in LA park... after ending 18
  • Beyoncé wows her fans while offering a rare glimpse at her stunning natural hair
  • Target to lower prices on basic goods in response to inflation
  • Heartbreaking pictures show 24
  • Colleges seek to balance safety and students' right to protest Gaza war
  • Tiger Woods FINALLY reveals the three stars joining his TGL team next year
Recommended content
  • Biden says Brown v. Board of Education ruling was about more than education
  • Colleges seek to balance safety and students' right to protest Gaza war
  • Lottie Moss sends temperatures soaring in red semi
  • Unai Emery agrees Aston Villa contract extension until 2027
  • Red Lobster seeks bankruptcy protection after closing some restaurants
  • Tom Holland confirms he is definitely returning for a fourth Spider