Tesla's Elon Musk, SEC ask court for another week to work out deal on Twitter use

Tesla Inc chief executive Elon Musk and the US Securities and Exchange Commission are seeking more time from a federal court to settle a dispute over Mr Musk's use of Twitter, according to a court filing Thursday.[NEW YORK] Tesla Inc chief executive Elon Musk and the US Securities and Exchange Commission are seeking more time from a federal court to settle a dispute over Mr Musk's use of Twitter, according to a court filing Thursday.

Lawyers for Mr Musk and the SEC said in Thursday's filing that"discussions are ongoing" and asked for another week, until April 25, to deliver their report. Mr Musk's lawyers have argued that the tweet did not contain new information that was material to investors, and that Mr Musk did not need pre-approval for all tweets about Tesla under the settlement.

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