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.
Candice Swanepoel stuns in a form
Watch: Christopher Luxon faces questions at post
NZ could breach European free trade deal if it doesn't meet Paris Agreement obligations
Japanese factory searched over deaths possibly linked to dietary supplements
Six killed in a 'foiled coup' in Congo, the army says
Explosion at Papatoetoe industrial site
Coronavirus news: American tries to slip through quarantine
'Strong' quake hits West Coast
Mystery artist who erected signs comparing pothole
Nelson first to test kerbside soft plastics collection
Pope trip to Luxembourg, Belgium confirmed for September, 2 weeks after challenging Asia visit
Electoral Commission probes concerns about voting at Te Pāti Māori candidate's marae