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

Business Insider
  • 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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