Tesla Inc Chief Executive Elon Musk and the U.S. Securities and Exchange Commiss...
NEW YORK - Tesla Inc Chief Executive Elon Musk and the U.S. Securities and Exchange Commission will get another week to settle a dispute over Musk’s use of Twitter, a federal judge ruled Thursday.
Nathan had been asked to hold Musk in contempt over a Feb. 19 tweet that the SEC said violated an earlier settlement with the agency. Musk settled the lawsuit, agreeing to step down as chairman and have the company’s lawyers pre-approve written communications with material information about the company, including tweets.
At an April 4 hearing, a lawyer for the SEC said that if Musk were found in contempt, the agency would ask the judge to require him to submit regular reports about his Twitter use, and to pay a series of progressively higher fines for any future violations. The Palo Alto, California-based company built its reputation on luxury cars, but has faced several production challenges with its Model 3 sedan, which it hopes will reach a mass audience.
The SEC said the earlier tweet conflicted with Tesla’s Jan. 30 outlook, when it targeted annualized Model 3 production exceeding 500,000 as soon as the fourth quarter, and projected 360,000 to 400,000 vehicle deliveries this year.
इंडिया ताज़ा खबर, इंडिया मुख्य बातें
Similar News:आप इससे मिलती-जुलती खबरें भी पढ़ सकते हैं जिन्हें हमने अन्य समाचार स्रोतों से एकत्र किया है।
SEC, Tesla CEO Elon Musk seek one-week delay to resolve contempt motionOn April 4, a federal judge gave Musk and the SEC two weeks to work out their differences, punting a request from the agency to hold him in contempt of court for allegedly violating an October securities fraud settlement. Now they want one more week.
और पढो »
In SEC vs. Elon Musk, a Question of When Tweets MatterElon Musk last year agreed to have Tesla lawyers pre-approve tweets that “reasonably could contain” material information about the electric car maker’s business. Those words are now at the center of court-ordered talks between the two parties.
और पढो »
Elon Musk said Tesla cars will probably be better than humans at driving by the end of 2019Tesla CEO Elon Musk made the prediction in an interview with MIT research scientist Lex Fridman.
और पढो »
David Einhorn's Greenlight says Tesla 'on the brink' of failureDavid Einhorn's Greenlight Capital renewed criticism of Elon Musk and Tesla...
और पढो »
Elon Musk had to quit this bad habit before he became successfulHere's why Elon Musk had to quit drinking large amounts of caffeinated beverages. via CNBCMakeIt
और पढो »
Elon Musk said Panasonic hasn't been making enough batteries for Tesla's carsTesla CEO Elon Musk tweeted on Saturday that the rate of battery-cell production from Panasonic has held back output for the Model 3 .
और पढो »
David Einhorn's Greenlight says Tesla 'on the brink' of failure - client letterDavid Einhorn's Greenlight Capital renewed criticism of Elon Musk and his T...
और पढो »
One of Tesla's biggest investors has slashed its stake once againT. Rowe Price group was previously the third-largest shareholder who wasn't CEO Elon Musk.
और पढो »
Warren Buffett says Elon Musk has 'room for improvement'The Oracle of Omaha urged Tesla's CEO to tweet less in a Yahoo Finance interview airing Friday.
और पढो »
A SpaceX rocket survived space, but was torn apart by high seasSpaceX CEO Elon Musk tweeted that the engines still may be salvageable.
और पढो »