Twitter CEO Elon Musk was accused of needing a 'babysitter' to review his Tesla-related tweets because of the SEC.
The consent decree, which Musk has since attempted to appeal, stated he had to"comply with all mandatory procedures implemented by Tesla regarding the oversight of communications relating to Tesla made in any format including posts on social media and on Tesla's website" and"the pre-approval of any such written communications that contain, or reasonably could contain, information material to Tesla or its shareholders.
The Twitter CEO's attempt in April 2022 to appeal the consent decree was denied by District Judge Lewis Liman of the Southern District of New York, who stated:"Musk argues that the consent decree in this case should be terminated because it intrudes on Mr. Musk's First Amendment right to be free of prior restraints...has been misused to launch endless, boundless investigation of his speech... and was extracted from Musk through the exercise of economic duress.
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