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. |
Former senior soccer official pleads guilty to bribeMilan draws at Sassuolo to leave Inter likely to clinch Serie A title in next round's derbyChina regulates unified medicine procurement platformsMeeting for Mount Qomolangma guides held to share skills, stories in LhasaDedicated efforts bolster nation's health defensesChina continues to enhance public medical servicesNew Year's Day holiday travel plans heating upXinjiang lauded for its efforts on openingPeople injured in earthquake get treatment in GansuChina's education ministry outlines major tasks for year 2024