Musk last month filed a motion to overturn Securities and Exchange Commission restrictions imposed followingbut did not provide proof or file paperwork with the securities regulator.
The SEC also charged Musk with fraud and ordered him to step down as chair of Tesla's board of directors, pay a US$20 million fine and, after another unfortunate tweet in early 2019, demanded his tweets directly related to business of the company be pre-approved by a competent lawyer.However,"Musk's claim that he was the victim of economic duress is wholly unpersuasive," Judge Lewis Liman wrote in his ruling.
"Musk cannot now seek to retract the agreement he knowingly and willingly entered by simply bemoaning that he felt like he had to agree to it at the time but now - once the specter of the litigation is a distant memory and his company has become, in his estimation, all but invincible - wishes that he had not."
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