Judge Rejects Elon Musk's Bid to Throw out Settlement

Judge Rejects Elon Musk's Bid to Throw out Settlement
Photo: Bloomberg/Getty Images [via Fox Business]

The Facts

  • On Wed., a federal judge denied Elon Musk's bid to terminate a settlement with the Securities and Exchange Commission (SEC) requiring him to clear any tweets related to Tesla prior to publication.

  • Musk reached the settlement with the SEC over a 2018 tweet, in which he allegedly falsely claimed that he had secured funding to take Tesla private. Musk filed a motion on Mar. 8 to end the consent decree.

The Spin

Right narrative

The SEC is abusing the deal in order to make unreasonable demands for voluminous and costly document productions. The attempt to enforce the pre-clearance rule is a violation of Musk's freedom of speech, and the SEC's vendetta must be put to a stop.

Left narrative

Freedom of speech doesn't extend to corporate leaders engaged in fraud or the violation of securities regulations. This issue was already settled in 2018, and Musk can't wiggle his way out now by complaining about something that he already willingly agreed to.

Nerd narrative

According to the Metaculus prediction community, there's a 50% chance that Elon Musk will become the world's first trillionaire.

Public figures in this story

Political split



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