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Elon Musk’s lawyers say SEC is overreaching in seeking contempt ruling

Attorneys for Elon Musk on Monday accused the Securities and Exchange Commission of “concerning and unprecedented overreach” in their effort to ask a federal judge to hold the Tesla Inc. chief executive in contempt of court.

In a court filing Monday, Musk’s attorneys defended his tweets and behavior, asking for the SEC’s request to be denied.

In the Feb. 19 tweets in question, Musk said: “Tesla made 0 cars in 2011, but will make around 500k in 2019,” clarifying a few hours later: “Meant to say annualized production rate at end of 2019 probably around 500k, ie 10k cars/week. Deliveries for year still estimated to be about 400k.

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