The agency contends that Musk hasn't sought the lawyer's approval for a single tweet.
The SEC states Musk violated the compensation in February when he tweeted without the approval of a lawyer about Tesla's vehicle production.
Elon Musk and the SEC are in negotiations at the direction of a judge to set acceptable controls on his tweeting.
SEC attorney Cheryl Crumpton urged that U.S. District Judge Alison J. Nathan handsome Musk when she finds him in contempt for breaking a deal with the SEC which requires him to clear tweets which may disclose important company details with attorneys.
Both the Panasonic and the next-12-months production tweets are noteworthy in light of the settlement that sprang from Musk tweeting in August of past year about trying to take Tesla private.
The SEC said at the hearing that the remedies it was seeking included a series of escalating fines for future violations, and monthly reporting on Musk's communications.
"Everybody take a deep breath, put your reasonableness pants on and work out this", Nathan stated.
In August 2018, the US SEC filed a lawsuit against Mr Musk after he tweeted that he was considering taking the company private.
But Musk attorney John Hueston told the judge that the SEC had failed to show his client had violated the deal.
Three out of 30 polled investors stated that Tesla shares Underperformed, alongside having 29 investment analysts offering estimates for the price of Tesla shares in the period of the next 12 months, suggesting the median target price of 325$ per share, the lowest price of 170$ and the highest estimate of 530$. The electric automaker said on Thursday that all Tesla vehicles now come with Autopilot as a standard feature "for less than the prior cost of the option". Instead, Musk and Tesla consented to pay $40 million and made other concessions to settle the case. "Musk took to Twitter - a social networking website infamous for invective and hyperbole - to respond".
Besides from having a rough week in the market, Tesla stocks saw a -11% decline in the period of the a year ago, while gains on S&P 500 went by 9% in oppose to the share price decline in the period of the last 12 months.