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Musk trial win a 'non sequitur' in Twitter sitter sase, says US SEC

The judge handling the SEC case has refused to let Musk out of the deal, prompting the Tesla CEO to appeal to the 2nd US Circuit Court of Appeals

Elon Musk
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Elon Musk

Joel Rosenblatt | Bloomberg
The US Securities and Exchange Commission said Elon Musk is reading too much into his win at a securities fraud trial in San Francisco if he thinks the result has any bearing on his 2018 deal with the agency requiring a Tesla Inc. lawyer to screen his company-related tweets.
 
The SEC said the jury verdict earlier this month is a “non sequitur.”

Musk has battled with the SEC over his social media posts since he tweeted in 2018 that funding was secured to take Tesla private. That prompted the regulator to sue, claiming Musk and Tesla had misled shareholders. Both

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First Published: Feb 24 2023 | 9:34 AM IST

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