Elon Musk Seeks to Terminate 2018 Fraud Settlement With SEC

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Tesla Inc.


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Chief Executive

Elon Musk

asked a federal judge on Tuesday to scrap a settlement he reached with securities regulators in 2018 that required his tweets be preapproved, a condition that has fomented an ongoing conflict with the government over whether he and

Tesla


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have followed the rule.

In a motion filed in Manhattan federal court, Mr. Musk’s lawyers argued that the

Twitter

oversight policy has become unworkable, while the Securities and Exchange Commission has abused the deal to make “round after round of demands for voluminous, costly document productions, with no signs of abatement.”

In a separate filing, Mr. Musk also disputed the…

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