Source: Ars Technica
Summary
Tesla has asked a judge to reconsider a ruling that allowed the Securities and Exchange Commission (SEC) to vet Elon Musk’s Twitter posts. The company claims the SEC’s actions are unconstitutional. According to the filing, Tesla’s arguments are “virtually the same” as those made during the trial. The SEC had previously charged Musk with securities fraud over his tweets about taking Tesla private.
Our Reading
The update arrives with confidence.
Tesla is trying to get a judge to reconsider a ruling that lets the SEC review Elon Musk’s tweets. They’re making the same arguments they made before, which is interesting. This is basically a redo. It’s like they’re saying, “Hey, can we try again?” The SEC is still watching Musk’s tweets closely, and Tesla is not happy about it. Because, of course, they’re not.
Author: Evan Null
