Supreme Court Upholds SEC Restrictions on Elon Musk's Tweets
The Supreme Court has rejected Elon Musk's appeal to overturn a settlement requiring pre-approval of his Tesla-related tweets, affirming lower court decisions.
- The Supreme Court declined to hear Elon Musk's appeal, leaving in place a 2018 SEC settlement that mandates pre-approval of tweets about Tesla by a company lawyer.
- Musk's legal challenges to the SEC agreement argued it violated his First Amendment rights, but the courts have consistently upheld the settlement.
- The SEC enforced the agreement after Musk's 2018 tweet claiming 'funding secured' to take Tesla private, which was deemed misleading and caused significant market disruption.
- Despite multiple legal attempts to overturn the agreement, all courts, including the Supreme Court, have found no grounds to challenge the SEC's conditions.
- Musk's ongoing legal battles with the SEC have highlighted issues of free speech and regulatory oversight in corporate communications.