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Elon Musk’s defense of his Tesla tweet will get SEC response

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Elon Musk's defense of his Tesla tweet will get SEC response(Reuters) – The top U.S. securities regulator received permission from a federal judge on Tuesday to respond to Tesla Inc Chief Executive Elon Musk’s arguments that his Twitter post about the electric vehicle maker’s production volume did not violate his recent fraud settlement. The U.S. Securities and Exchange Commission has until March 19 to file a brief, and U.S. District Judge Alison Nathan gave both parties until March 26 to request an evidentiary hearing. The SEC had asked the court to hold Musk in contempt, saying his Feb. …

Source: Yahoo.com