Tesla CEO Elon Musk has decided to seek a district court review of the recent order issued by the U.S. Securities and Exchange Commission (SEC) regarding his tweets. The move comes after the SEC claimed that Musk violated the terms of a previous settlement by failing to obtain pre-approval for his social media posts.
In a court filing on Monday, Musk's legal team made it clear that the renowned entrepreneur strongly disagrees with the SEC's interpretation of the settlement agreement. They argue that the recent tweets about Tesla's production numbers did not contain any material information that required pre-approval under the agreement.
