Tesla Chief Directorship Elon Musk and the U.S. Securities and Exchange Commission on Thursday sought a second delay and requested to provide the court another junction submission on or before April 30, indicating whether they have reached an agreement to settle a dispute exceeding Musk’s use of Twitter, both parties said in a court filing.
The SEC in February sought to have Musk found in disgust of a fraud settlement last year after the CEO tweeted details about Tesla production numbers that were not investigated by the electric vehicle company’s attorneys.
Instead, U.S. District Court Judge Alison Nathan in Manhattan ordered Musk and the SEC to try to alter into the dispute on their own. The parties have already requested one extension.
The SEC sued Musk last year for making distressful statements after he tweeted on Aug. 7 that he had “funding secured” to take Tesla private at $420 per share. The carousals later settled and Musk agreed to step down as chairman and have the company’s lawyers pre-approve written communications, filing tweets with material information about the company. Musk’s lawyers have argued that the February tweet did not bridle new information that was material to investors.