SEC asks judge to hold Teslas Musk in contempt of violating deal
SEC asks judge to hold Teslas 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.
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.)
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