WASHINGTON—The U.S. securities watchdog’s request that a federal judge hold Tesla Inc. Chief Executive Elon Musk in contempt over the billionaire entrepreneur’s use of Twitter was “reasonable,” said a U.S. Securities and Exchange Commission official on April 8.
SEC Commissioner Robert Jackson, a Democrat, told reporters at a conference in Washington that the SEC was reasonable in suggesting greater oversight of Musk’s communications, including the threat of new fines if he backslides.
