WASHINGTON (AP) — The Supreme Court on Monday rejected an appeal from Elon Musk over a settlement with securities regulators that requires him to get approval in advance of some tweets that relate to Tesla, the electric vehicle company he leads. The justices did not comment in leaving in place lower-court rulings against Musk, who complained that the requirement amounts to “prior restraint” on his speech in violation of the First Amendment. The case stems from tweets Musk posted in 2018 in which he claimed he had secured funding to take Tesla private. The tweets caused the company’s share price to jump and led to a temporary halt in trading. The settlement with the Securities and Exchange Commission included a requirement that his tweets be approved first by a Tesla attorney. It also called for Musk and Tesla to pay civil fines over the tweets in which Musk said he had “funding secured” to take Tesla private at $420 per share. |
China marks 120th birth anniversary of late senior CPC leaderTemples witness a transformationSpain is in suspense waiting for Pedro Sánchez to say whether he will resign or stay in officeHigh hopes on tourism boom as Thailand cheers Chinese tourists' returnTer Stegen stuck in goalkeeper's purgatory in Germany teamMacao further eases inbound travel restrictionsEurope, China could be partners for boosting electrification in auto industryMassive flooding hits China's GuangdongGroup tours come back on menu for overseas travelersGroup tours come back on menu for overseas travelers