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Supreme Court turns away Elon Musk's appeal to toss SEC settlement over Tesla tweets
TeslaTesla(US:TSLA) New York Post·2024-04-29 16:18

 The US Supreme Court declined on Monday to hear Elon Musk’s bid to throw out part of a securities fraud settlement with the Securities and Exchange Commission restricting the billionaire businessman’s public statements about his electric car company Tesla.The justices turned away Musk’s appeal of a lower court’s decision upholding the 2018 settlement reached after he said on social media that he had “funding secured” to take Tesla private — a statement the SEC in a legal action called false and misleading. ...