Tesla CEO attend hearing on violation of fraud agreement

Tesla Inc Chief Executive Elon Musk arrived at Manhattan federal court on Thursday, CNBC reported, for a hearing on whether he violated a fraud agreement and should be held in contempt, the latest twist in a high-profile battle between the billionaire and the government.

Musk's fight with the U.S. Securities and Exchange Commission has raised investor worries that it could lead to restrictions on his activities or even his removal from Tesla, while distracting him at a pivotal point in the electric car maker's expansion.

 

(With inputs from agencies.)