Tesla's Elon Musk in court as judge weighs SEC contempt case

NEW YORK: A federal judge in Manhattan began considering on Thursday whether Tesla Inc Chief Executive Elon Musk should be held in contempt for violating a fraud agreement, the latest twist in a high-profile battle between the billionaire and the government.

Four hours later, Musk corrected himself, saying annualized production would be"probably around" 500,000 by year end, with full-year deliveries totaling about 400,000. She also said it was no excuse if Musk were merely repeating Tesla's earlier outlook, and that his statement could still be material. It is rare for the SEC to seek a contempt finding, though some legal experts said the regulator has a strong case over Musk's earlier tweet.

"She could give him a good tongue-lashing, and tell him this is it, and next time she's not going to be so nice," Cox added.

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