SEC Denies Musk's Request on Tweets

The battle between Tesla’s (NASDAQ: TSLA) CEO and the SEC will continue as the top U.S. securities regulators denied Elon Musk’s request to be released from his 2018 agreement to obtain advanced approval from lawyers before tweeting company news. The agreement stems from an early November tweet where the controversial CEO posted on Twitter that he would offload 10% of his Tesla stake if users approved.

Musk asked a federal judge earlier this month to terminate the agreement, with lawyers claiming the SEC had “crossed the line into harassment”.

In a filing in Manhattan federal court, the U.S. Securities and Exchange Commission also rejected Musk’s “substantively meritless” motion to quash a subpoena requesting records concerning his Twitter poll last November over whether to sell some of his Tesla stock.

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