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Tesla’s Musk risks contempt charge as SEC argues tweets violate deal

The U.S. Securities and Exchange Commission on Monday said Tesla Inc Chief Executive Officer Elon Musk had violated a fraud settlement by making new inaccurate statements on Twitter, pursuing a contempt order against the electric car chief and sending shares of the company down 5 percent in extended trade.

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SEC asks U.S. judge to hold Tesla’s Musk in contempt of violating deal

The U.S. Securities and Exchange Commission on Monday said a federal court should hold Tesla Inc Chief Executive Officer Elon Musk in contempt for violating last year’s settlement with the federal regulatory agency due to new statements made on Twitter, sending shares of the electric carmaker down 5 percent in extended trade.

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