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A DATE IS SET: A Judge will hear arguments on whether or not Elon Musk is in contempt of court next month

elon muskAP Photo/Jae C. Hong

  • A judge will hear oral arguments on whether Tesla CEO Elon Musk is in contempt of a Securities and Exchange Commission ruling on April 4.
  • Musk's contempt charge is related to a tweet he sent falsely claiming that Tesla would make 500,000 cars in 2019. The company has estimated it would make about 400,000 in public filings.
  • Musk got in trouble for making false statements on Twitter last year, when he said he had "funding secured" to take Tesla private for $420 per share. He, in reality, did not have funding secured.

On April 4, Elon Musk's lawyers (and perhaps Musk himself) will appear for oral arguments in New York City to counter the Securities and Exchange Commission's (SEC) claim that Musk is in contempt of a ruling meant to prevent him from making false statements on Twitter.

This latest salvo between the Tesla CEO and the SEC started in February, when Musk tweeted that Tesla would make 500,000 cars in 2019. The company has said in public filings that it would make about 400,000.See the rest of the story at Business Insider

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See Also:

  • 2019 is shaping up to be another chaotic year for Tesla
  • Tesla is having another chaotic year — these are the biggest challenges Tesla has faced so far in 2019
  • Tesla just launched the Model Y — here's why it's the company's most important car

SEE ALSO: MUSK FILES HIS DEFENSE: Says SEC seeks to violate his First Amendment rights and its filing 'smacks of retaliation and censorship'

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