SEC asks judge to hold Tesla's Musk in contempt of violating deal

(Reuters) - The U.S.

Reuters February 26, 2019 06:05:07 IST
SEC asks judge to hold Tesla's Musk in contempt of violating deal

SEC asks judge to hold Teslas Musk in contempt of violating deal

(Reuters) - The U.S. Securities and Exchange Commission on Monday asked a judge to hold Tesla Inc's Chief Executive Officer Elon Musk in contempt of violating a court's order last year.

Shares of Tesla fell about 4 percent in extended trade.

Tesla did not immediately respond to a request for comment.

A U.S. judge in October approved a settlement between the federal regulator, Tesla and Musk, over his tweets promising to take the company private.

(Reporting by Akanksha Rana in Bengaluru; Editing by Sriraj Kalluvila)

This story has not been edited by Firstpost staff and is generated by auto-feed.

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