1. Breaking News: SEC Says Elon Musk Violated his Settlement with the Agency and Asks a Judge to Hold Him in Contempt of Court

    Breaking News:  SEC Says Elon Musk Violated his Settlement with the Agency and Asks a Judge to Hold Him in Contempt of Court
    • Tesla CEO Elon Musk violated the terms of his agreement with the Securities and Exchange Commission, the agency said in a court filing Monday.
    • In a tweet last week, Musk said Tesla would produce 500,000 vehicles this year then later corrected himself and said it would only make about 400,000.
    • Tesla acknowledged in a letter that Musk's first production tweet wasn't preapproved by the company...
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    1. Musk did not seek or receive pre-approval prior to publishing this tweet, which was inaccurate and disseminated to over 24 million people.
    2. Although the [first] tweet was not individually pre-approved, Mr. Musk believed that the substance had already been appropriately vetted, pre-approved, and publicly disseminated.
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