The Tesla CEO was in federal court in New York on Thursday as part of his ongoing spat with government regulators.
told reporters after the hearing"I have great respect for Judge Nathan, and I'm pleased with her decision today," he said in a statement distributed by Tesla."The tweet in question was true, immaterial to shareholders, and in no way a violation of my agreement with the SEC. We have always felt that we should be able to work through any disagreements directly with the SEC, rather than prematurely rushing to court. Today, that is exactly what Judge Nathan instructed.
Musk and the SEC will be required to submit a joint letter"no later than April 18, 2019" outlining their agreement. If no agreement is reached, the court will issue a decision on the SEC's motion to find Musk in contempt, the order said.
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