Elon Musk could face contempt charge over latest controversial tweet

Tesla boss Elon Musk could be held in contempt if a tweet is found to have violated a settlement deal agreed last year. US stock market regulator the Securities and Exchange Commission (SEC) has asked a court in New York to hold the chief executive in contempt for violating a $40m (£30m) settlement he reached five months ago. Now the US financial regulator is alleging that Mr Musk broke the terms of that agreement with a tweet on 19 February which showed an aerial photo of thousands of new Tesla vehicles and said the company would make about 500,000 cars in 2019.

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