Elon Musk has some explaining to do over his recent tweets.
Reuters reported that US District Judge Alison Nathan in Manhattan ordered Musk to explain the court why he shouldn’t be held in contempt for his continued tweeting of Tesla business despite an SEC settlement that forbids the ex-Tesla CEO to do so. He has to respond by March 11.
On Monday, Musk tweeted that SEC oversight was “broken”. That was the latest of several tweets about the SEC and Tesla’s business matters that he sent without vetting from Tesla’s lawyers. This was a violation of the settlement.
It remains to be seen what the SEC could do in response to Musk’s tweets. Some observers believe that Musk could get hit with a higher fine, or he could be ousted for the company’s board.
We earlier reported this week that Musk is facing a contempt charge over tweets he posted on February 19 that the SEC also said was not vetted.