In a faceoff with Elon Musk, the SEC blinked

Reuters provided insight into how U.S. securities regulators have pulled their punches in dealings with Elon Musk, largely because an April 2019 court hearing on a statement he made about Tesla on Twitter didn’t go their way. The U.S. Securities and Exchange Commission asked the court to hold the billionaire in contempt, saying a tweet by the Tesla chief executive — which forecast production at the carmaker — violated a court agreement Musk signed the previous year to have some of his communications vetted by a lawyer. Reuters sources said the judge’s remarks knocked confidence among officials that the courts would support them if they attempted to prosecute Musk’s activity on Twitter.