Member LoginMember Login - User registration - Setup as front page - Add to favorites - Sitemap Supreme Court rejects Musk appeal over Tesla tweets !

Supreme Court rejects Musk appeal over Tesla tweets

Time:2024-04-30 07:47:08 source:Stellar Sphere news portal

WASHINGTON (AP) — The Supreme Court on Monday rejected an appeal from Elon Musk over a settlement with securities regulators that requires him to get approval in advance of some tweets that relate to Tesla, the electric vehicle company he leads.

The justices did not comment in leaving in place lower-court rulings against Musk, who complained that the requirement amounts to “prior restraint” on his speech in violation of the First Amendment.

The case stems from tweets Musk posted in 2018 in which he claimed he had secured funding to take Tesla private. The tweets caused the company’s share price to jump and led to a temporary halt in trading.

The settlement with the Securities and Exchange Commission included a requirement that his tweets be approved first by a Tesla attorney. It also called for Musk and Tesla to pay civil fines over the tweets in which Musk said he had “funding secured” to take Tesla private at $420 per share.

Related information
  • Five factors to affect Russia
  • Chinese business group 'shocked, dissatisfied' over EU raids on Chinese company
  • Nadal tested in 3
  • English Premier League takes another step toward introducing a spending cap
  • China's foreign trade starts on steady note in 2023
  • Ecuador announces complaint against Mexico at top UN court in diplomatic spat
  • Goodbye to Scotland's answer to Liz Truss: How Sturgeon's short
  • UN human rights chief condemns killings of women and children in Rafah
Recommended content
  • Chinese leaders extend Spring Festival greetings to veteran comrades
  • Nvidia to buy Israeli AI company for estimated $700M
  • 50 migrants reported missing and 9 rescued after their boat overturns off Spanish Atlantic island
  • Not just for trolls! Four
  • China's foreign trade starts on steady note in 2023
  • Music and martial arts witness China