Tesla chief executive Elon Musk and the US stock market regulator SEC are given a week longer by the judge to resolve a dispute. In fact, there should have been a solution for the quarrel about Musk’s use of Twitter on Thursday, but Musk and the stock market watchdog were not over yet. The deadline is now April 25.
The SEC Musk and Tesla had previously imposed fines for distributing misleading price-sensitive information about the car company via Twitter. Musk also had to appoint a separate chairman, a position he had previously added to it. In exchange for promises about his future twitter use, he did not have to step down as a top man.
According to the SEC, Musk did not adhere to the agreements. The judge has been asked to consider this, but he thought that Musk and the regulator should first try to find a solution among themselves.