Musk’s lawyers say tweet complied with SEC fraud settlement
https://www.sfchronicle.com/business/article/Musk-s-lawyers-say-tweet-complied-with-SEC-13683413.php
Tesla CEO Elon Musk should not be found in contempt of court because he has complied with the terms of a securities fraud settlement, his attorneys wrote in documents filed Monday night with the U.S. District Court in Manhattan.
Musk’s lawyers wrote that a Feb. 19 tweet merely restated prior disclosures on electric car production volumes. They wrote that the tweet after the markets closed did not reveal material information, nor did it alter the mix of data available to investors.
