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Elon Musk asks federal judge to terminate 2018 settlement with SEC

Elon Musk SEC Tesla Inc.

Tesla CEO Elon Musk asked a federal judge Tuesday to terminate a 2018 settlement with the Securities and Exchange Commission that resolved a federal lawsuit over Musk's allegedly false statements about efforts to take Tesla private.

Why it matters: The settlement, which required Musk to step down as the chair of Tesla, pay a $20 million fine and get pre-approval for all of his tweets about the company, has generated friction between the billionaire and federal regulators.

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