Judge urges Elon Musk, SEC to end dispute
Tesla CEO, regulator given two weeks to work out Twitter spat
Elon Musk's job as Tesla CEO appeared safe this week as a Manhattan judge urged the billionaire to settle contempt allegations by the US Securities and Exchange Commission (SEC) over his use of Twitter. At a hearing in Manhattan federal court, US district judge Alison Nathan gave both sides two weeks to work out their differences, and said she could rule on whether Musk violated his recent fraud settlement with the regulator if they failed. "Take a deep breath, put your reasonableness pants on, and work this out," the judge said. The hearing appeared to lift a cloud hanging over Tesla, as the SEC stopped well short of recommending Musk's removal as CEO or even as a member of the electric car company's board. Instead, the regulator suggested that greater oversight of Musk's communications, including the threat of new fines if he backslides, is punishment enough. "What this is to the SEC is strike two, and if there is another transgression they might seek a director and officer bar," ...
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