The question beforeJudge Alison Nathan is whether Musk breached the settlement and, if he did, what penalties the regulator will now impose.
SEC attorney Cheryl Crumpton recommended fines. Inventory of Model 3 vehicles in North America remains exceptionally low, reaching about two weeks of supply at the end of Q1, compared to the industry average of 2-3 months.
"Everybody take a deep breath, put your reasonableness trousers on and work this out", Nathan said. That was bullshit, he had not secured funding, and it turns out you can't just tweet bullshit when you run a public company.
Complying with court orders was "not optional" and "not a game", the judge said.
"He actually does what he is told", Hueston said.
But the SEC is asking for the judge to drop the hammer on Musk after he tweeted on February 19 that his electric auto company expects to produce around 500,000 Model 3 electric vehicles in 2019 - only to update the tweet four hours later to explain that the 500,000 figure was actually an annualized production rate.
This failure to meet expectations caused a sharp drop in stock price, RBC analyst Joseph Spak even suggested that the delivery figure failure could "translate into a ~$1bn+ revenue miss".
Musk said his tweet about vehicle production didn't need pre-approval because it wasn't new information that would be meaningful to investors.
Since bringing the action, Musk has maintained he has diligently tried to follow the court settlement, and that the SEC's request is a breach of his constitutional right to free speech. That much is clear. Is this some kind of early April Fools' Day prank or simply Musk's odd attempt to bring Harambe memes back three years later?
Jussie Smollett won't reimburse Chicago's investigation costs; city vows civil suit
Thursday is seven days since Mayor Rahm Emanuel's law chief sent the " Empire " actor a letter demanding the payment . Smollett said he was attacked by two men, who doused him with a chemical and put a noose around his neck in January.
"We're not saying "yes" or 'no, '" she responded.
"The parties should be meeting, conferring and providing some clarity so this issue won't happen again", Hueston said. The SEC tried to have Musk barred from running a private company.
"Tesla's 1Q19 vehicle production & deliveries report was substantially worse than expected", said Ryan Brinkman, a J.P. Morgan analyst who had been waiting for the automaker's announcement following the end of its first quarter in 2019.
Though he has professed a love for Elon Musk's automobile in the past, it did not save Baller from falling victim to technology, despite Black Mirror having consistently warned us time and time again.
Others used this opportunity to complain about Tesla. Musk agreed to step down as chairman for three years and remain in his role as CEO.
"The issue isn't that he corrected the tweet, it's that he was supposed to get approval before he did it and he did not", said Charles Elson, a professor of corporate governance at the University of Delaware.
In July, Musk used Twitter to accuse a British diver involved in the rescue of a youth football team from a Thai cave system of being a paedophile after the diver criticised a mini-submarine Musk had offered to help with the rescue.
As of Thursday's close, Tesla shares were down 19.5% so far this year.