Miss the action? Here's how Elon Musk's tussle with federal regulators went down in court
"We think it's very clear that Mr. Musk retained discretion in the policy," one of Elon Musk's lawyers, John Hueston, argued when it was their turn for oral arguments. Hueston is arguing there is not a clear enough standard to enforce a penalty as harsh as finding Musk in contempt of court.Tesla CEO Elon Musk arrives in a Tesla at Manhattan Federal Court, in New York, Thursday, April 4, 2019.
The Judge consistently tested the ambiguity of the current order, and when she pressed Musk's attorneys on this, she found they seemed to argue that the Judge was not able to make a determination in this case.Musk's attorneys countered that she could, but couldn't come up with any hypothetical scenarios in which that was case.
"Go home Judge Nathan," she joked. later adding that Musk's lawyers must not"be very imaginative" because should could think of some scenarious where she would be able to rule Musk in contempt of Court.Musk's lawyers ended their 45 minutes of oral arguments by reading a list of Musk's tweets that the SEC previously flagged as"questionable." They also
who said that if the tweets did not move Tesla's stock price, then the market had clearly decided that the information was immaterial.The SEC was then given 5 minutes to rebut Musk's lawyers. The SEC again reiterated that Musk had violated the order, and also said that it was still determining whether or not Tesla was"complying with the policy" it had set forth.3:43pm: Judge says she will ensure all orders are complied with."It's not a game, I don't care if you are a small potato or a big fish."At around 3:45pm Judge Nathan ordered the SEC and Musk to propose a new resolution within two weeks.
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