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Judge to SEC and Elon Musk: Put your reasonableness pants on and work this out

Tesla, Elon Musk and the U.S. Securities and Exchange Commission have two weeks to work out their differences and come to a new resolution, a U.S. judge said Thursday at the conclusion of a hearing held to determine whether the automakers CEO should be held in contempt for his Twitter use.
The SEC had asked the court toholdMusk in contempt for violating a settlement agreement reached last October over Musks now infamous funding secured tweet. Under that agreement, Musk is supposed to get approval from Teslas board before communicating potentially material information to investors, the agency has argued. The SEC says a February 19 tweet violated the agreement.
Musk contends he didnt violate the agreement and that the problem lies in the SECs interpretation, which he described as virtually wrong at every level, in a recent court filing.
As lawyers from Tesla and the SEC argued their points Thursday, U.S. District Judge Alison Nathans questioning suggested little patience with the two parties inability to reach a resolution, according to TechCrunchs review of several reported accounts of inside the courtroom, including from Bloomberg and Courthouse News.


Nathan says that she has "serious concerns" that her ruling won't resolve the controversy.
"My call to action is for everyone to take a deep breath, put your reasonableness pants on and work this out."
Adam Klasfeld (@KlasfeldReports) April 4, 2019
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