Both parties are asking for more time in the court case.
Leaked SEC letter to the judge:
SEC: "Dear Judge Nathan, Musk committed clear securities fraud but our SEC boss is very much in love with Elon and so many Silicon valley billionaires did urge us to let him off the hook. Which we did. Our SF head left shortly thereafter - she seemed a bit pissed off that we somewhat blocked her from enforcing our rules and regulations. Anyway, that's a small price to pay.
Now, everything went fine for a while. Elon expectedly disobeyed the settlement from day#1 but nobody bothered, except for some TeslaQ haters, most of which are living probably in their moms' basements. That is, until Elon violated the settlement so obviously and blatantly that his lawyer had to publicly step in, which in turn unfortunately forced our hand, too, even though we would have preferred not to act.
So, here we are, dear Judge. We really, really don't want to do any harm to this great entrepreneur. Also, of what use is it if the stock crashed here? Look at all the investors large and small who have bought the stock and are inclined to buy even more. It's clearly their fault if they later lose money, not our fault , as the company's dismal finances and earnings are clear for all to see. If they rather listen to Elon than reading the 10-Qs and 10-Ks, hey, they have nobody to blame but themselves! Yes, Elon often says stuff that differs massively from those filings, but doesn't everybody know that the printed word is important, not some talk on twitter or earnings calls or company events?
But our already tarnished reputation is at stake, so we must do something. Or at least appear to do something.
Something that looks tough but doesn't harm "Elon".
Unfortunately, we haven't found anything that would fit this bill - please, give us some more days.
sincerely and desperately, the SEC
P.s. Dear Judge, if perhaps you could come up with any tough looking, but non-harmful non-punishment, we would gladly appreciate it and happily agree to it."
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This is a parody from SA, for those who didn't get it...