US Supreme Court won't hear Elon Musk dispute over SEC settlement

WASHINGTON - The U.S. Supreme Court declined on Monday to hear Elon Musk's bid to throw out part of a securities fraud settlement with the Securities and Exchange Commission restricting the billionaire businessman's public statements about his electric car company Tesla.

U.S. District Judge Lewis Liman in Manhattan in 2022 rejected Musk's request. A three-judge panel of the Manhattan-based 2nd U.S. Circuit of Appeals in 2023 upheld that decision. Tesla CEO Elon Musk met with a top government leader in the Chinese capital Sunday, just as the nation's carmakers are showing off their latest electric vehicle models at the Beijing auto show. Chinese Premier Li Qiang told Musk that he hopes the U.S. will work more with China on “win-win” cooperation, citing Tesla's operations in China as a successful example of economic cooperation, China's state broadcaster CCTV said on its main evening news program.

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