The Tesla CEO’s lawyers have submitted a court filing defending Musk against the SEC’s move to hold him in contempt of court.
A tweet from Elon Musk has landed the Tesla CEO in hot water yet again.
On Monday, Musk’s lawyers defended Musk in a 33-page court filing over the CEO’s Feb. 19 tweet claiming Tesla would manufacture 500,000 cars in 2019.
An agreement struck last September between Musk and the Securities and Exchange Commission (SEC) forbade the CEO from using social media to divulge information material to investors. The SEC in late February moved to hold Musk in contempt of court for violating that agreement with his tweets about Tesla’s production estimates.
“Tesla made 0 cars in 2011, but will make around 500k in 2019,” Musk tweeted.
