Elon Musk’s lawyers say tweet did not violate court order

Financial regulators said a tweet from the Tesla chief executive violated a September fraud settlement The conceded last month that Musks tweet was not pre-approved. But the tweet Musk fired off after the markets closed merely restated prior disclosures on electric car production volumes, the lawyers wrote on Monday, did not disclose material information and did not alter the mix of data available to investors. The settlement between Musk, Tesla and the SEC resolved an SEC lawsuit over claims Musk had made on Twitter last year that he had funding secured to take Tesla private at $420 per share. As part of that settlement, Musk stepped down as the companys chairman and he and Tesla agreed to pay $20m each …