On April 29, the Supreme Court denied billionaire
Elon Musk's challenge to the terms of a Securities
and Exchange Commission agreement.
.
NBC reports that the SEC requirement
would require a lawyer to review
the Tesla CEO's social media posts.
.
In his appeal, Musk argued that the SEC's requirement,
which has been dubbed the 'Twitter sitter' provision,
unlawfully imposed conditions on his freedom to comment.
.
In his appeal, Musk argued that the SEC's requirement,
which has been dubbed the 'Twitter sitter' provision,
unlawfully imposed conditions on his freedom to comment.
.
The SEC requirement stems from Musk's tweets in 2018 that
claimed he was taking Tesla private, which shocked the
market and caused shares in the company to surge.
The SEC requirement stems from Musk's tweets in 2018 that
claimed he was taking Tesla private, which shocked the
market and caused shares in the company to surge.
The SEC deemed the tweets
"materially false and misleading,"
and in clear violation of securities laws.
At the time, Musk agreed to settle the issue
with the SEC, which included his signing off
on the so-called "Twitter sitter" provision.
NBC reports that Musk has since said
the restrictions are unconstitutional and that
he was coerced into signing the SEC agreement.
According to court papers, lawyers
representing Musk have accused the SEC
of waging an "ongoing campaign" against Musk.
Musk's legal team claim the provision , "restricts Mr. Muskās speech even
when truthful and accurate.".
It extends to speech not
covered by the securities laws
and with no relation to the conduct
underlying the SECās civil action, Elon Musk legal team, via NBC.
In response, the SEC said in court papers
that Musk waived his right to appeal
when he signed off on the settlement.
Elon Musk's resignation from the Trump administration's Department of Government Efficiency (DOGE) has ignited a firestorm on social media, with many questioning his American citizenship. Despite being a naturalized U.S. citizen since 2002, Musk's South African birth has led to renewed scrutiny over his national identity and role in U.S. governance. Musk announced his departure via his platform, X, after a 130-day tenure aimed at reducing federal spending. His exit followed public criticism of President Trump's "big beautiful bill," which Musk argued would exacerbate the federal deficit, undermining DOGE's objectives.
#ElonMusk #TrumpVsMusk #MuskResignation #MuskControversy #ElonMuskNews #MuskDOGEExit #NaturalizedCitizen #USCitizenship #AmericanCitizen #MuskBornInSouthAfrica #TrumpAdministration #WhiteHouseDrama #MuskStatement #USPolitics #MayeMuskCanadian
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Elon Musk has announced he is stepping back from his role in President Trumpās Department of Government Efficiency (DOGE), citing Teslaās severe financial struggles as a primary reason. Tesla recently reported a 71% drop in profits and a 13% decline in sales, impacted by public boycotts linked to Muskās political involvement. Meanwhile, Muskās approval ratings have taken a hit, with polls showing growing public disapproval of his government role.
#ElonMusk #Trump #TrumpVsMusk #MuskResignation #MuskTrumpFallout #ElonMuskNews #TrumpAdministration #MuskQuits #MuskGovernmentExit #WhiteHouseLive #MuskPoliticalViews #TrumpNews #USPolitics #ElonMuskControversy #MuskSteppingDown #TrumpWhiteHouse #MuskPoliticalDecision #ElonMuskStatement #TrumpMuskDrama #TrumpAdministrationChanges
Elon Musk has stepped down from leading the Department of Government Efficiency (DOGE), handing the reins to conservative policy strategist Russell Vought. A key Trump ally, Vought is best known for shaping Project 2025 and pushing aggressive spending cuts and federal downsizing. He aims to revive Trumpās Schedule F and slash budgets at agencies like USAID and NPR. Musk, who reportedly wants to focus on Tesla and SpaceX, had worked closely with Vought during DOGEās early days. Critics warn Vought's Christian nationalist leanings and military spending cuts may spark major backlash.
#ElonMusk #RussellVought #DOGE #Trump #GovernmentEfficiency #Project2025 #ScheduleF #FederalCuts #ChristianNationalism #Tesla #SpaceX #MuskExit #VoughtAgenda #BudgetCuts #NPR #USAID #CFPB #MilitarySpending #GOP #PoliticalNews #WashingtonWatch #BureaucracyReform #TrumpAdmin #GovernmentOverhaul #WhiteHousePolicy #SpendingCuts #PolicyShift #BreakingNews #ConservativeAgenda #MuskVsVought
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Elon Musk's departure from the Department of Government Efficiency (DOGE) marks a significant shift in the Trump administration's cost-cutting agenda. Musk, who served as a special government employee, stepped down after reaching the 130-day service limit. His exit follows criticism of the administration's "One Big Beautiful Bill," which Musk argued would increase the federal deficit, countering DOGE's objectives.
During his tenure, Musk aimed to reduce federal spending by $2 trillion but managed to cut approximately $150 billion. His efforts included auditing government credit cards, canceling leases on underutilized federal buildings, and restructuring agencies like USAID and the Consumer Financial Protection Bureau.
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In a 6ā3 decision, the Supreme Court ruled that President Trump had the authority to fire Biden-appointed officials Wilcox and Harris mid-term, weakening decades-old congressional protections over independent agencies. The decisionācriticized by Justice Kaganāallows presidents to remove executive officers without cause, but excludes the Federal Reserve. Trumpās firings stalled the NLRB and Merit Board, halting key decisions. While the ruling marks a major shift in separation of powers, the Court says a final judgment is still pending.
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In a fiery press briefing, Karoline Leavitt, press secretary, condemned the rising violence against Tesla and its CEO, Elon Musk, blaming Democrats for their silence on the issue. Amid growing attacks on Tesla dealerships, vandalism of vehicles, and violent threats to Muskās family, Leavitt slammed the left for ignoring the violence.
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Musk vows to step back from DOGE job and put more time into Tesla
Elon Musk says heāll be spending less time in Washington slashing government costs and more time running Tesla after his electric vehicle company reported a big drop in profits.
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