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Elon Musk Tweets Violated Court Order Enacted In SEC Lawsuit Settlement – Report

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Elon Musk twice violated a court order meant to prevent the Tesla CEO from allegedly using Twitter to manipulate the stock market, according to documents obtained by the Wall Street Journal on Tuesday.The Securities and Exchange Commission alleged in a lawsuit that Musk committed fraud by tweeting about a potential buyout of his company in August 2018.

Musk claimed that he was considering taking the company private and that he had secured funding to do so. It was reported at the time that the Saudi Arabian sovereign wealth fund was the source of that funding.

Musk is the second-richest person on the planet, worth $156 billion according to Fortune.Am considering taking Tesla private at $420.

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Saudi Arabia reports 2020 prevention
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