Elon Musk’s lawyers respond to the SEC’s latest filing in contempt-of-court claim
over a February 19 tweet in which Musk said Tesla would produce 500,000 vehicles in 2019. Musk corrected the tweet about Tesla vehicle production hours after he sent it.
tweet last year in which he said he was prepared to take the company private at $420 per share. Both Tesla and Musk were ordered to pay $20 million each in restitution. The SEC accuses Musk of failing to have his tweets vetted and, instead,"unilaterally" deciding what is material information. It continues:"Musk's shifting justifications suggest that there was never any good faith effort to comply with the Court's order and the Tesla Policy. Rather, Musk has simply elected to ignore them."
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