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.
Related articles:
Related suggestion:
NASA's final tally shows spacecraft returned double the amount of asteroid rubbleUyghur activist receives Roosevelt freedom of worship award — Radio Free AsiaHistoric Tibetan Buddhist monastery is being moved to make way for dam — Radio Free AsiaTexas bird flu patient being treated after contact with cowsEaster weekend road toll worst since 2021US surgeons transplanted pig kidney into patient for the first time, hospital saysAllergy season arrived early in US. Here's why, what you can doTwo bodies found in search for Sydney couple Jesse Baird and Luke Davies$1.50 for a coffee? The viral street ‘cafe’ run by a homeless manUS measles cases are up in 2024. What's driving the increase?
2.9894s , 6501.78125 kb
Copyright © 2024 Powered by Supreme Court rejects Musk appeal over Tesla tweets ,Culture Channel news portal