Judge finds Tesla CEO Elon Musk in 'clear violation' of gag order

Musk and SEC given two weeks to work out an agreement about the billionaire’s social media posts as share price falls 8%

The Tesla billionaire Elon Musk is in “clear violation” of a gag order issued by the US’s top financial watchdog after Musk inaccurately claimed last year he had a buyer for the company, a court heard on Thursday.

A federal judge in New York heard oral arguments in a lawsuit brought by the Securities and Exchange Commission (SEC) seeking to hold Tesla’s chief executive, in contempt for violating a settlement reached last September when Tesla agreed to vet Musk’s public communications.

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Source: theguardian