The SEC sued Elon Musk for making fraudulent statements after he tweeted that he had 'funding secured' to take Tesla private at $420 per share.
Tesla CEO Elon Musk speaks before unveiling the Model Y at the company's design studio, March 14, 2019, in Hawthorne, California.Tesla CEO Elon Musk and the Securities and Exchange Commission sought a second delay and requested more time to settle a dispute over Musk's use of Twitter.
US District Court Judge Alison Nathan in Manhattan ordered Musk and the SEC to try to resolve the dispute on their own. The parties have already requested one extension.Tesla CEO Elon Musk and the US Securities and Exchange Commission on Thursday sought a second delay and requested to provide the court another joint submission on or before April 30, indicating whether they have reached an agreement to settle a dispute over Musk's use of Twitter, both parties said in a court filing.
Instead, US District Court Judge Alison Nathan in Manhattan ordered Musk and the SEC to try to resolve the dispute on their own. The parties have already requested one extension.
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