Elon Musk petitioned the U.S. Supreme Court to undo a settlement agreement he and Tesla made with the SEC that required the billionaire entrepreneur have a “Twitter sitter” approve his tweets about the company.
“Musk’s attorneys said the agreement set an unconstitutional condition on Musk and amounts to a violation of his free speech rights,” CNBC reports.
Gotta win this one! Elon Musk asks Supreme Court to undo ‘Twitter sitter’ agreement with SEC @CNBC https://t.co/eLIcWJ58J8
— Lou Dobbs (@LouDobbs) December 8, 2023
Musk’s attorneys argued he was coerced into agreeing with the “unconstitutional conditions.”
Per CNBC:
The SEC charged Musk with civil securities fraud after he posted a series of tweets in 2018 saying he had “funding secured” to take Tesla private for $420 per share, and that “investor support” for such a deal was “confirmed.” Trading in Tesla was halted after his tweets, and shares remained volatile in the weeks that followed.
Musk and Tesla settled with the regulator and then revised the agreement in April 2019. Since then, the SEC has continued to investigate Musk and Tesla to ensure that they’re complying…
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