New York (CNN Business) The clock is ticking down on Elon Musk's deadline to explain why he shouldn't be held in contempt of court. The SEC requested Musk be found in contempt for a violating a settlement agreement. The SEC fined Musk and Tesla $20 million each (Musk paid both). The SEC has yet to say what penalty it wants to impose if Musk is found in contempt. The decision about whether Musk is in contempt will ride with the court.

Source: CNN March 11, 2019 17:37 UTC