Unfazed Elon Musk slams SEC on Twitter while facing contempt claim

Published February 27, 2019 5:24pm ET



Elon Musk hasn’t kicked his Twitter habit, even after an attempt by the Securities and Exchange Commission to penalize him for a February tweet about Tesla’s sales forecast or misleading posts last fall that cost him $20 million and the chairmanship of the electric carmaker he founded.

“Something is broken with SEC oversight,” the Tesla CEO posted to his 25 million followers on Tuesday, just a day after the agency asked a federal judge in Manhattan to hold him in contempt for initially overstating the Palo Alto-based company’s revenue prospects for the year.

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