The country's highest court dismissed the appeal from the owners of Tesla and X without comment.
Washington:
The US Supreme Court on Monday declined to hear an appeal from Elon Musk over a settlement that requires the billionaire to have some of his social media posts about Tesla pre-approved by a corporate lawyer.
The country's highest court dismissed the appeal from the owners of Tesla and X without comment.
Musk attempted to undo restrictions imposed on him by the Securities and Exchange Commission (SEC) following a 2018 post on Twitter, now X.
In the tweet, Musk said he had secured financing to take Tesla private, causing a spike in the company's stock price, but he did not provide any evidence or file any paperwork with the SEC.
The tweet was labeled “false and misleading” and shareholders accused Tesla of securities fraud.
The SEC ordered Musk to resign as chairman of Tesla's board of directors and pay a $20 million fine.
The government agency also demanded that Musk's social media posts directly related to the electric car company's activities be vetted by a lawyer.
The billionaire petitioned the Supreme Court in December to overturn the deal, claiming it was an unconstitutional violation of his right to free speech.
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)
