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 16:15:30 source:International Insights 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
  • Yvette Fielding says her Most Haunted co
  • Grease star Susan Buckner dead at 72: The actress played cheerleader Patty opposite Olivia Newton
  • Selena Gomez says she is releasing her pent
  • Head and Sharma's electrifying opening stand earns Hyderabad 10
  • Elon Musk gets approval from FDA to implant his Neuralink brain chip into a second patient
  • Father's grief after boy, 14, with 'no concept of danger' is found dead in river after vanishing
  • Andy Murray to return from ankle injury at Geneva Open this month
  • Clarifications and corrections
Recommended content
  • Mystery artist who erected signs comparing pothole
  • Italy bars NGO migrant rescue flights from Sicilian airport, says they interfere with coast guard
  • REVEALED: The full list of celebrities who have admitted to taking Ozempic
  • Eva Mendes sparkles in head
  • Britain's new bonkers EV: Callum Skye is an £80k electric buggy built in Warwickshire
  • REVEALED: The full list of celebrities who have admitted to taking Ozempic