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SEC, Tesla CEO Elon Musk seek one-week delay to resolve contempt motion

SEC, Tesla CEO Elon Musk seek one-week delay to resolve contempt motion

BUSINESS NEWS

SEC, Tesla CEO Elon Musk seek one-week delay to resolve contempt motion

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Elon Musk and the SEC have asked for a one-week delay to resolve their contempt of court dispute, the parties announced today in a joint submission a federal judge.

“While we have not reached an agreement, counsel for the SEC, Mr. Musk, and counsel for Tesla met and conferred for over an hour by telephone earlier this week and are continuing to discuss potential resolution. Because our discussions are ongoing, we respectfiilly request to provide the Court with another joint submission on or before April 25, 2019, indicating whether we have reached an agreement in principle,” the submission says.

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