Elon Musk is defying the US Securities and Exchange Commission’s limits on the usage of his popular Twitter channel. In a lawsuit, Tesla’s CEO claimed that he had never lied to shareholders and that his consent was coerced.

Elon Musk, the CEO of Tesla, announced in 2018 that he would gather enough money to take the electric carmaker private for $420. It’s debatable whether this was accurate. However, Tesla’s stock price soared as a result of the revelation. As a result, the US Securities and Exchange Commission has filed a lawsuit against the firm and Musk, seeking a payment of $20 million each. Musk agreed to have his tweets evaluated by attorneys after resigning as chairman of the Tesla board. Musk has filed a lawsuit against the latter.

Musk said he was “forced” into the 2018 agreement in a complaint filed in New York district court. The reason behind this is that the US Securities and Exchange Commission used “unrelenting regulatory pressure.” According to the Washington Post, the Damocles sword of an official probe into the Model 3 production issue was still hanging over Tesla and Musk at the moment. The US Securities and Exchange Commission, for its part, chastised Musk in 2019 for failing to follow the guidelines for pre-screening potentially price-moving tweets. Musk now wants to do away with the regulation entirely.

In a letter to the relevant court in February, the Tesla CEO claimed that the US Securities and Exchange Commission was attempting to prohibit him from exercising his right to free expression. According to Teslamag, there was no discussion on the topic at the time. That should, however, be different now that a lawsuit has been launched. Especially because Musk and Tesla’s attorneys accuse the US Securities and Exchange Commission of jeopardizing the electric carmaker’s ability to obtain funds at the time.

Musk also wants to appeal a similar ruling made by the US Securities and Exchange Commission. They had formally requested that Tesla give internal information concerning the circumstances of Musk’s vote to sell 10% of his Tesla stock. Musk’s brother, Kimball, is alleged to have sold his shares at the highest possible price in this scenario. Here, the stock exchange regulatory authorities recognize the potential for insider trading. Musk, on the other side, claims that the FBI has overstepped its bounds in the inquiry. The lawsuit now wants to have that order overturned.

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