SEC Wants Tesla's Musk Held in Contempt

Order Reprints

Feb. 26, 2019—The Securities and Exchange Commission is coming down on Tesla CEO Elon Musk for violating the terms of his agreement with the regulatory body, according to a filing released by the SEC on Monday, as noted by CNET.

The agreement, which was drafted in the aftermath of Musk's "Funding secured" debacle in 2018, forbade Musk from using his Twitter account or other social media platforms to disperse information that would be considered material to investors or Tesla without having gotten prior approval, according to the report.

Tesla declined to offer further comment on the matter.

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