musk: In this June 14, 2018, file photo, Tesla CEO Elon Musk speaks at a news conference in Chicago, according to The Toronto Star. Stock market regulators are asking a federal court to hold Musk in contempt for violating an agreement requiring him to have his tweets about key company information reviewed for potentially misleading claims. The latest dust-up emerged late Monday when the Securities and Exchange Commission asked a federal court in New York to hold Musk in contempt for violating a 40 million settlement he begrudgingly reached with the U.S. stock market's chief regulatory agency five months ago. The request made Monday, Feb. 25, 2019 in New York resurrects a dispute between the Securities and Exchange Commission and Musk that was supposed to have been resolved with a settlement reached five months ago. Tesla's stock dropped about 4 per cent in after-hours trading Monday, reflecting investors' anxiety about the latest twist in the drama surrounding Musk. Kiichiro Sato, File / AP Photo Allegations that Musk broke the agreement by tweeting without company approval could renew a debate about whether he has become too reckless to continue as Tesla's CEO. That cloud has been hanging over Tesla, even though many analysts still consider Musk's vision to be an indispensable part of the electric car maker he co-founded in 2003.
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