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.
Meghan and Prince Harry 'are planning to do more royal
Teyana Taylor, 33, breaks her silence on those rumours she is romancing her co
Grassroots lawmaker uses technology to empower eco
Eiza Gonzales is radiant in behind
FDIC chair is grilled on Capitol Hill after report outlines agency's toxic workplace culture
Justin Verlander allows 2 runs over 6 innings in season debut for Astros in 5
The 10 WORST lyrics in Taylor Swift's new album
From girl next door to Mrs Bezos
Michelle Keegan celebrates new record for Netflix show Fool Me Once as she looks to crack America
Man kills 2 officers at police station in Malaysia in a suspected Jemaah Islamiyah attack
Chinese scientist awarded for groundbreaking work in transplantation, cellular therapy