Fresh Twitter row: SEC accuses Elon Musk of contempt of court – The Wall Street Journal

EDINBURGH — South Africa-born technology entrepreneur Elon Musk, who cofounded PayPal and is the mastermind behind Tesla, has built wealth and power through his businesses – but he is not so powerful that he is out-of-reach of the Securities and Exchange Commission (SEC), which this week pushed for Musk to be charged with contempt of court. Musk has been playing a game with the SEC for some time via Twitter, apparently because he hates short-sellers in Tesla. Musk has called the SEC the Shortseller Enrichment Commission in a Tweet. The dual started in August when Musk Tweeted that he had secured funding to take publicly listed Tesla private, but there was no deal. The Tweet rocked the stock price and the SEC accused Musk of securities fraud. Musk and Tesla were ordered to pay $20m. An unrepentant Musk stepped down as the company's chairman and was under strict instructions to divert his Tweets through a lawyer. Now Musk has taunted the SEC with a Tweet making a production forecast. – Jackie Cameron

SEC Asks Manhattan Federal Court to Hold Elon Musk in Contempt

By Dave Michaels and  Tim Higgins

(The Wall Street Journal) – The Securities and Exchange Commission asked a federal judge on Monday to hold Tesla Chief Executive Elon Musk in contempt of court over tweets he made last week discussing the auto maker's 2019 projected production volumes.

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