12/8/2023, 1:41 AM (Source: TeleTrader)
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Musk asks SCOTUS to invalidate SEC-Tesla agreement

Billionaire and Tesla Inc. Chief Executive Officer Elon Musk appealed to the Supreme Court of the United States to potentially invalidate a deal made with the US Securities and Exchange Commission in which it was agreed that all his posts related to Tesla would be screened before being published on X, formerly going by Twitter.

In the appeal, Musk insisted that the agreement is in violation of the Constitution’s First Amendment, adding that the provision "is a quintessential prior restraint that the law forbids." Back in May, a federal appeals court already dismissed the billionaire's claims, as it saw "no evidence to support Musk’s contention that the SEC has used the consent decree to conduct bad-faith, harassing investigations of his protected speech."

Musk first clashed with the SEC in 2018, when the latter accused him of giving false information on Twitter, now known as X, over securing funds for Tesla's privatization.

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