Judge rejects Musk bid to free tweets from oversight

Published by
The Bangkok Post

NEW YORK: Twitter’s new buyer Elon Musk still must have his tweets about his electric car company Tesla pre-approved after a US judge on Wednesday rejected an appeal to free him from oversight. Musk last month filed a motion to overturn Securities and Exchange Commission (SEC) restrictions imposed following his 2018 tweet, in which he said he had acquired funding to take Tesla private, but did not provide proof or file paperwork with the securities regulator. The tweet, which caused share prices to fluctuate wildly, was ruled to be “false and misleading” and shareholders have accused Tesla of …

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