Musk, as the owner of Tesla, has written to a court in the Southern District of New York accusing the Securities and Exchange Commission of the United States (SEC) to carry out a “harassment campaign”. The regulator supposedly had to pay close to forty million dollars to the company and, instead, has carried out a campaign of total scrutiny on the figure of Elon Musk.
The SEC would allegedly be retaliating against Musk for being an “outspoken critic of the government” and more interested in stifling your First Amendment right to free speech than fairly enforcing the law. There has been no finding of irregularities, according to the complaint.
Musk and Tesla asked the court for a “course correction” that included a conference to discuss the SEC’s alleged nonpayment, as well as for the frequent investigations. They hope the court will put an end to the alleged harassment and force the SEC to pay shareholders.
Last night, Judge Alison Nathan ordered the SEC to respond to Musk’s claim by February 24, according to reports from Engadget and The Verge.
The government body has made repeated inquiries about Musk’s tweets in the years since the deal, writing to Tesla in 2019 and 2020. about posts you found concerning. While it is true that the SEC did not find Musk guilty of those tweets, officials still claimed that Musk was discussing key financial topics (such as production levels and stock valuations) without the prior approval required by the 2018 agreement. Tesla argued that these tweets were not covered by the terms of the agreement, but the situation is not entirely clear.