Supreme Court rejects Musk appeal over Tesla tweets
Time:2024-05-21 13:32:01 Source:businessViews(143)
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.
Previous:Philippines blames China for loss of giant clams in disputed shoal and urges environmental inquiry
Next:Ohio judge to rule Monday on whether the state’s abortion ban stands
You may also like
- Everybody may love Raymond, but Ray Romano loves Peter Boyle
- Controversy over spiked antifascist speech dominates Italy's Liberation Day anniversary
- Olivia Dunne calls for boyfriend Paul Skenes to get his Pittsburgh Pirates MLB debut
- Third man is detained in a major bribery case that involves Russia's deputy defense minister
- Verona confirms Serie A status for another year after beating Salernitana
- More than 100 inmates break free from a Nigerian prison after heavy rains
- First round of North Macedonia's presidential polls shows big shift towards center
- US applications for jobless claims fall to lowest level in 9 weeks
- Saudi Arabia is going to sponsor the WTA women's tennis rankings under a new partnership