Elon Musk will remain chief executive of his electric car company after appearing in federal court Thursday.
The title was on the line after he locked horns with the U.S. Securities and Exchange Committee over his tweets, specifically ones that the government agency felt could impact investment in Tesla, a public company.
The tussle escalated all the way to federal court after the SEC claimed Musk continued to tweet out information that Tesla promised he wouldn’t — and that his posts relating to the business would be reviewed.
But as Musk and the SEC faced off at the Thurgood Marshall federal courthouse in lower Manhattan, they both basically got a talking to from the judge, who ordered Tesla and the SEC to work this issue out amongst themselves. Read more…
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