A U.S. judge slammed Elon Musk on Wednesday for trying to escape a settlement with regulators requiring oversight of his Tesla Inc tweets, saying the billionaire was “bemoaning” the 2018 deal now that he felt Tesla was “invincible.”
The ruling comes after the Twitter Inc board accepted on Monday Musk’s $44 billion deal to buy the social media platform.
The dispute stems from the claim by the Securities and Exchange Commission that Musk, the CEO of Tesla, defrauded investors on Aug. 7, 2018, by tweeting that he had “funding secured” to potentially take the electric car company private at a premium, when in reality a buyout was not close. Tesla shares rose following the tweet.
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