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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