SEC asks judge to hold Tesla's Musk in contempt of violating deal

The U.S. Securities and Exchange Commission on Monday asked a judge to hold Tesla Inc`s Chief Executive Officer Elon Musk in contempt of violating a court`s order last year.

Shares of Tesla fell about 4 percent in extended trade.

Tesla did not immediately respond to a request for comment.

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A U.S. judge in October approved a settlement between the federal regulator, Tesla and Musk, over his tweets promising to take the company private.

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)