Article 49WTQ Elon Musk could face contempt charge over 'inaccurate' Tesla tweet

Elon Musk could face contempt charge over 'inaccurate' Tesla tweet

by
Rupert Neate
from Technology | The Guardian on (#49WTQ)

SEC asks judge to act after car boss allegedly breached deal to pre-approve his messages

The US financial regulator has asked a judge to hold Tesla's billionaire boss, Elon Musk, in contempt of court for tweeting misleading information in breach of a deal that saw him fined $20m (15.2m) for inaccurate tweets last year.

The Securities and Exchange Commission said Musk had "once again published inaccurate and material information about Tesla to his over 24 million Twitter followers", according to court papers filed on Monday night.

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