Elon Musk's Bid to Avoid SEC Twitter Settlement Rejected By Appeals Court
- Elon Musk cannot overturn a settlement requiring his Tesla-related tweets be approved by an attorney before posting.
- Musk argued the settlement violated his First Amendment rights, but the court found no evidence to support his claims.
- The SEC investigated three of Musk's tweets since 2018 that plausibly violated the settlement terms, according to the court.
- Musk and Tesla each paid $20 million in fines as part of the 2018 settlement with the SEC over Musk's false "funding secured" tweet.
- The settlement also required Musk to step down as Tesla chairman, but Musk is allowed to tweet freely on any topic except certain events or Tesla financial milestones.