Both Elon Musk and Tesla were forced to pay $20 million to the SEC after he falsely claimed Tesla could go private
notes that the remaining money will be held back for fees, taxes, and expenses. U.S. District Judge Lewis Liman from Manhattan is planning to approve the payouts by September 1, as long as no one objects to them.
Musk has remained in fierce opposition to the SEC ever since his settlement. In addition to being fined, Musk must have his tweets reviewed if they contain any material information about Tesla. Lawyers for the world’s richest man have claimed this stipulation mandates a “government-imposed muzzle” that restricts his free speech and attempted to have it thrown out in the courts last year.
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