Tesla's Elon Musk enters Manhattan courthouse in showdown with SEC

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Tesla's Elon Musk enters Manhattan courthouse in showdown with SEC
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The Tesla CEO said he respects the US judicial process, but chuckled when asked if he felt the same about the SEC as he entered court.

Tesla CEO Elon Musk said he respected the U.S. judicial process, but chuckled when asked if he felt the same about the Securities and Exchange Commission as he entered a courthouse Thursday for a showdown with the federal agency.

"I have great respect for the justice system and I think the judges in the American system are outstanding," Musk told reporters before entering the courthouse in lower Manhattan. Securities lawyers and other industry executives have said that Musk, who has already been removed as chairman, could also lose his post as CEO over his latest skirmish with the SEC.

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