SEC calls for Elon Musk to be held in contempt over tweet

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The US Securities and Exchange Commission (SEC) has reportedly asked a judge to hold outspoken Tesla CEO, Elon Musk, in contempt for violating his settlement with the agency with a tweet last week. Bloomberg reports that the tweet in question, made on February 19 (US time), violates the settlement Musk made with the SEC last year that required him to seek pre-approval from the company for social media posts and "other written communication that would be material to the company or investors".

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