Tesla CEO Elon Musk argued Friday that his Twitter use did not violate a settlement agreement with the U.S. Securities and Exchange Commission and that the agency’s request to have him held in contempt is based on a “radical interpretation” of the order, according to court papers filed in Manhattan federal court.
The SEC has asked a judge to hold Musk in contempt for violating a settlement agreement reached last year over Musk’s now infamous “funding secured” tweet. Under that agreement, Musk is supposed to get approval from Tesla’s board before communicating potentially material information to investors.
Musk contends he didn’t violate the agreement and that the problem lies in the SEC’s interpretation, which he describes as “virtually wrong at every level.” The filing also reveals new details about the settlement negotiations, notably that the SEC sent Musk a draft agreement that would have required him to obtain pre-approval for all public statements related to Tesla, in any format.
Musk and Tesla never agreed to those terms. Instead, Musk says the agreement requires him to comply with Tesla own policy, which would require pre-approval for “written communications that contain, or reasonably could contain, information material to the company or its shareholders.”
The barbs traded via court filings are the latest in an escalating fight between the billionaire entrepreneur and SEC that began last August when Musk tweeted that he had “funding secured” for a private takeover of the company at $420 per share. The SEC filed a complaint in federal district court in September alleging that Musk lied.
Musk and Tesla settled with the SEC last year without admitting wrongdoing. Tesla agreed to pay a $20 million fine; Musk had to agree to step down as Tesla chairman for a period of at least three years; the company had to appoint two independent directors to the board; and Tesla was also told to put in place a way to monitor Musk’s statements to the public about the company, including via Twitter.
But the fight was re-ignited last month after Musk sent a tweet on February 19 that Tesla would produce “around” 500,000 cars this year, correcting himself hours later to clarify that he meant the company would be producing at an annualized rate of 500,000 vehicles by year end.
The SEC argued that the tweet sent by Musk violated their agreement. Musk has said the tweet was “immaterial” and complied with the settlement.
10 Iconic Movie Cars That Weren’t Even Real
James Bond and cool cars together are the epitome of cool. The Bond franchise is famous for its car chases, extravagant crashes, and daring escapes. Six actors have portrayed agent 007 since 1963 and they have all driven a variety of cool cars, some of them equipped with space-age spycraft and defensive capabilities. The fifth Bond, Pierce Brosnan, drove one such cool car in The World is Not Enough, a BMW Z8. As an Englishman, Bond had historically driven English cars, like Aston Martin and Lotus, but a product tie-in with BMW in the nineties changed all that.
In this movie, we get to see Bond utilize some of the obligatory gadgets such as rocket launchers but also see a foretelling of things to come with a remote start and summon feature, something unheard of in 1999. However, something also unheard of is a 1999 Z8, because it did not exist until the 2000 model year. According to Top Gear, the production Z8 was not ready during filming, so BMW provided a couple of unfinished pre-production cars and gave producers specs to create other completely fabricated custom cars powered by a Chevy V8 with a Jaguar suspension for filming, particularly the scene where one gets sawed in half. The Z8 gets very little screen time in this movie, likely because they didn’t really have a complete car to work with.
Halo Infinite’s Campaign Co-Op Beta Kicks Off Soon
In the past, and in other major co-op games, playing co-op equals advancing the game only for the person who is hosting it. The other players join the game and progress for the host but are unable to retain that progress for their own saves, and they also cannot start up the game without the host being around to do it for them. It seems that with “Halo Infinite,” the developers behind the game wanted to take a different approach by making co-op progress accessible even after the gaming session is over. As Bender said, “One of our core principles is that we don’t want to require you to have an isolated co-op save.”
As a result of that new policy, every player’s progress is going to count toward their main playthrough. Any items, collectibles, achievements, and mission progress earned during a co-op session will carry over to an individual gamer’s save. There’s also a new approach referred to as “No Spartan Left Behind.” When you join a Fireteam and select your save slot, the game will look at mission completion across all the saves and then set up a game world for you and your friends. In that game world, any mission that has been completed will be marked as such, but only as long as every single member of the Fireteam will have it completed. If there’s even one person that hasn’t tackled it just yet, the mission will be incomplete for everyone in the co-op world.
Satechi USB-C Slim Dock For 24-Inch iMac Review: Fixing Shortcomings
There are plenty of iMac docks on the market today, especially after the launch of the 2021 M1 models. Part of the tradeoff for the computer’s gorgeously slim design is the dearth of ports, all of which are hidden behind its screen. But while many of these docks and hubs are advertised as compatible with the 24-inch iMac, Satechi’s new dock takes that to the extreme — in fact, the USB-C Slim Dock is designed only for the 24-inch M1 iMac. Sure, you could use it for other computers, but then you lose one of its biggest features.
That feature is actually the wide gap on its bottom that perfectly fits the base of the iMac. This makes the dock look almost like it’s part of the iMac itself, especially if you get matching colors. The dock also creates a wider base that you could put things on if you like. Either way, its exclusivity to the 2021 and 2022 M1 iMacs works in its favor, creating a seamless appearance that fits the machine perfectly.
Whether you match colors or not, the Satechi USB-C dock matches the build quality of the iMac it sits on. Made from durable aluminum, the accessory looks premium and stylish, adding some character to your desk just as much as the iMac does. The material also makes heat dissipation more effective, which comes in handy given its hidden superpower. If there’s one disappointing aspect of the dock, it would be that it’s available only in silver and blue colorways that won’t color match all the available iMac hues.
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