Elon Musk May Be Held in Contempt of Court

February 26, 2019


Elon Musk is at it again. After paying a $20 million fine and stepping down as Tesla chairman last year because of his false and misleading tweets, the 47-year-old entrepreneur may now be held in contempt of court for his latest inaccurate claim on Twitter. BuzzFeed reports that last week, Musk tweeted, "Tesla made zero cars in 2011, but will make around 500,000 in 2019." This week, the Securities and Exchange Commission is asking a federal judge to rule that the tweet violated the terms of Musk's 2018 settlement, which came about after he tweeted that he planned to take Tesla private. "[Musk> once again published inaccurate and material information about Tesla to his over 24 million Twitter followers," the SEC wrote in its filing about his latest tweet, noting that he did not seek pre-approval for that tweet as dictated by his SEC settlement.