Home Blockchain News Elon Musk Snaps Back at Contempt Charge; Is the SEC Baiting Tesla’s CEO?

Elon Musk Snaps Back at Contempt Charge; Is the SEC Baiting Tesla’s CEO?

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Lawyers for Tesla’ CEO Elon Musk have accused the U.S. Securities and Exchange Commission of ‘unprecedented overreach’ and violating the constitutional rights of the iconic billionaire. Musk’s legal team was responding to an SEC request to have the court hold Musk in contempt, according to Reuters. This was for violating a settlement he reached with the commission in September. Specifically, Musk’s legal team argued that the electric carmaker’s CEO had complied with the settlement terms. Additionally, the legal team stated that Tesla had implemented a policy to ensure Tesla communications containing material information are pre-approved: The Securities and Exchange Commission’s

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