26-02-2019 01:32 via ocregister.com

Elon Musk faces U.S. contempt claim for violating SEC accord

The U.S. Securities and Exchange Commission asked a judge to hold Elon Musk in contempt for violating last year’s settlement with the agency, raising new a round of regulatory issues for the embattled Tesla Inc. CEO.
The SEC claimed on Monday that a Feb. 19 tweet by Musk violated the settlement when he wrote that “Tesla made 0 cars in 2011, but will make around 500k in 2019.” The settlement with the agency required him to seek pre-approval from the company for social media post
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