Elon Musk's lawyers say SEC is making 'unconstitutional power grab'

Elon Musk's lawyers say SEC is making 'unconstitutional power grab'

5 years ago
Anonymous $Dftgs0JzgE

https://www.cnet.com/roadshow/news/elon-musks-lawyers-say-sec-is-making-unconstitutional-power-grab/

"Tesla made 0 cars in 2011, but will make around 500k in 2019," Musk tweeted. He clarified about 30 minutes later, "Meant to say annualized production rate at end of 2019 probably around 500k, ie 10k cars/week. Deliveries for year still estimated to be about 400k."

In the Monday filing, Musk's lawyers stated there's "no basis to issue contempt sanctions against him" and calling it an "unconstitutional power grab."