TABLE OF CONTENTS ...................................................................................................................ii
TABLE OF AUTHORITIES .............................................................................................................iii
I. Musk Violated this Court’s Order by Failing to Seek Pre-Approval of a Tweet Containing Information Material to Tesla and its Shareholders. ...........................................3
- A. The Order Contains a Broad Pre-Approval Standard. .....................................4
B. Tesla’s Production Forecasts Are Material to Tesla and its Shareholders.........................................................................................6
C. Musk’s 7:15 Tweet Was Materially Different from Prior Public Disclosures. ..........................................................................................7
II. Musk Has Not Diligently Attempted to Comply with the Court’s Order. .............................9
III. The Court Has Authority to Enforce its Order and Compel Musk’s Compliance. ................11
- A. Musk Waived His Challenge to the Constitutionality of the Order by Consenting to its Entry. ...................................................................................11
B. The Pre-Approval Requirement Does Not Implicate the First Amendment. ............................................................................................12
C. Authority to Enforce its Order Is Vested with the Court, Not the SEC. ....................................................................................................13
CONCLUSION ..................................................................................................................................14