Natan Dvir | Bloomberg | Getty Photographs
Elon Musk, chief govt officer of Tesla Inc., arrives at federal court docket in New York, on Thursday, April four, 2019.
Tesla CEO Elon Musk and the Securities and Change Fee have requested for a one-week delay to resolve their contempt of court docket dispute, the events introduced as we speak in a joint submission a federal decide.
“Whereas we’ve not reached an settlement, counsel for the SEC, Mr. Musk, and counsel for Tesla met and conferred for over an hour by phone earlier this week and are persevering with to debate potential decision. As a result of our discussions are ongoing, we respectfiilly request to supply the Court docket with one other joint submission on or earlier than April 25, 2019, indicating whether or not we’ve reached an settlement in precept,” the submission says.
On April four, a federal decide gave Musk and the SEC two weeks to work out their variations, punting a request from the company to carry him in contempt of court docket for allegedly violating an October securities fraud settlement. U.S. Choose Alison Nathan stated she had “critical issues that it doesn’t matter what I resolve right here, this problem will not be resolved.” Nathan ordered each events to “take a deep breath, put in your reasonableness pants” and work out an answer.
Now the events are asking for yet one more week to determine it out.
The dispute stems from tweets Musk made in February that contained Tesla manufacturing forecasts.