Elon Musk claims he was coerced into settling with the SEC over his ‘funding secured’ tweet
by Andrew J. Hawkins from The Verge - All Posts on (#5WWJX)
Photo by JIM WATSON/AFP via Getty Images Tesla CEO Elon Musk is asking a federal judge to toss a consent decree with the Securities and Exchange Commission that requires his tweets to be approved by a lawyer before he can post them.
The decree, which was signed in 2018 after Musk's infamous funding secured" tweet, is being used to trample on Mr. Musk's First Amendment rights and to impose prior restraints on his speech," his lawyers said in a court filing Tuesday. Musk is also seeking to block an SEC subpoena related to his tweets about selling 10 percent of his stake in Tesla.
Musk sent the notorious tweet on August 7th, 2018, in which he claimed to have the funding to take Tesla private at $420 a share. (Tesla has been a publicly traded company since 2010.)
trample on...