Elon Musk, chief executive officer of Tesla Inc., speaks during an event at the site of the company’s manufacturing facility in Shanghai, China, on Monday, Jan. 7, 2019. After four years of planning, Tesla finally broke ground on its planned $5 billion factory in the world’s biggest auto market.
Less than a week after Tesla Inc.’s general counsel departed two months into the job, the U.S. Securities and Exchange Commission has called for the company’s chief executive officer, Elon Musk, to be held in contempt of court.
In a motion filed in the U.S. District Court of the Southern District of New York on Monday, the SEC alleged Musk violated a settlement with the agency by not seeking approval before posting a Feb. 19 tweet claiming Tesla would ”make around 500k [cars] in 2019.” Four hours later, Musk tweeted again, clarifying the Palo Alto-based company aimed to produce 10,000 cars a week this year and complete 400,000 deliveries.
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