of tesla The CEO appealed to the Supreme Court in December, arguing that the agreement is unconstitutional because it constitutes a “prior restriction” on First Amendment speech rights.
of 2018 Settlement Agreement The issue stems from allegations that Musk was influencing Tesla stock with social media posts, specifically tweets about Tesla’s intention to take the company private, which caused Tesla’s stock to rise. There is.
In 2022, Musk asked a lower court: Change or termination He argued that the agreement was unconstitutional and that the SEC had misused it to unfairly police his speech.
However, in May of last year, a federal appeals court ruled against Mr. Musk, stating, “We found no evidence to support Mr. Musk’s claim that the SEC used the consent decree to conduct a malicious harassment investigation against him.” was rejected. protected speech”
The Hill’s Julia Chapero has more here.
