Musk is trying to back out of his settlement with the U.S. securities regulators, related to his social media claim that he had secured funding to take the company private. Musk this week asked a federal judge to end the consent decree, which required that the counsel for the company vet any of Musk's social media posts. Get market news that is relevant to you. You can subscribe for free. Musk argues that the SEC is a micromanager and that it is overstepping its bounds by issuing a subpoena to him over a poll on his social media platform. The poll resulted in tens of billions of dollars being wiped off the market cap of the company, and was posted just a day after Musk's brother sold over $100 million worth of stock. According to court papers, Musk was coerced into playing ball with the SEC. It could have harmed other companies with which he was affiliated if he had failed to do so. In his initial statement on the funding, Musk claimed he never lied about it. He points to a court filing in a different case, but the details of his conversations with PIF and the board are blacked out. The SEC has said they were not specific about the $420 per share figure, but some un redacted language suggests otherwise. Anyone with a modicum of deal experience knows that you don't have funding secured via handshake. Signed documents allow you to have it. Unless there is a smoking exoneration in that redacted text, Musk lied. Musk is one of the most influential entrepreneurs of the past two decades. He helped change industries that could improve life for generations to come. He is also a whiner. If you settle with the SEC, you need to be prepared to accept enforcement of that settlement. Because you signed something, as opposed to just talking about it. If anyone can understand that difference, it is Musk. Do you like this article? You can get more from Axios for free. The new bottles are in stores now. Six living victims of a 1950s social experiment in which 22 children were taken from their families and sent to Denmark to be integrated into society received a face-to-face apology from the prime minister. The Inuit children were between four and nine years old when they were shipped to the Danes in 1951 to be re-educated. The children were supposed to be part of a new group of Danes that would help the Inuit population. Keeping income steady in retirement is the approach of our advisors. Learn more about the 6 post-retirement income streams. Her boyfriend called her a snob. KhloerKardashian is open to reentering the dating pool. Kind of. The Good American founder has the support of her sisters, according to a source. The ladies have talked about setting her up with some of their friends, including Pete Davidson and Travis Barker, according to the source. The large arachnid has made its way throughout the South and could be headed to other parts of the U.S., according to a University of Georgia researcher. How much cleaning services should cost? Now is Serach. The first accurate thing Fox has reported in years was mocked by one user. A black employee of a donut shop in Florida punched a customer to death after the customer used racial slurs. The employee has been sentenced to two years of house arrest after pleading guilty to felony battery. A jury found him guilty of disorderly conduct, but not of lying to a detective. You can speak in 43 languages with this invention. A Dyson vacuum is a must have in your home. South Korea's presidential election was won by a conservative. A family member of the first mayor of Dallas says she will fight any attempt to relocate his grave. One of the first doctors in the region was Pryor. You can securely stream from the Microsoft cloud to any device. We have the best low-carb recipes for you, whether you're following a ketogenic diet, avoiding sugar, or just looking to cut out some wheat. Many of our favorites rely on that magical brassica, but we also have tons of other recipes that let other ingredients shine. The Securities and Exchange Commission asked a judge for permission to distribute $40 million to investors it obtained in a civil settlement with Musk and his company. Musk's lawyers accused the Securities and Exchange Commission of having broken its promises by dragging its feet on the payouts, while trying to muzzle their client's speech and harass him. The SEC did not mention the dispute in a Tuesday night court filing, but it did say that the payouts should be fair and reasonable. President George W. Bush said he looked Putin in the eye and was able to get a sense of his soul, but President Joe Biden disagreed. Jake Reed's family says his donated organs will bring life to others. Benjamin Cooper died on Wednesday. Lindsey Graham stated his reasons as to why he was leaning towards a no vote on Judge Jackson's nomination to the Supreme Court. Two more senators voted for Judge Jackson to the D.C. Circuit Court of Appeals last year. In February, Marco Rubio, R-FL, and Rick Scott, R-FL, voted in Congress. Green technologies will be tested at SUSTIE, which will help buildings become more eco-friendly. Vladimir Putin believes he alone can save Russia and has become obsessed with the past. In a speech to supporters last weekend, Rep. Madison Cawthorn, R-N.C., called Ukrainian President Volodymyr Zelensky a "thug" and said the government was "incredibly evil". The leaders of the Legislature are facing a decision on whether to attempt an override of the veto of the new congressional maps. If they don't try an override, they can simply pass the vetoed map again with a majority vote, and send it to the other side for another veto.Axios
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