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Photo: Joshua Lott/Getty Images

A federal judge confirmed Tuesday she would soon hear oral arguments in the Securities and Exchange Commission lawsuit asking Elon Musk be held in contempt for allegedly violating a settlement agreement.

The details: The SEC says Musk should be held in contempt for tweeting "inaccurate" information about Tesla in a Twitter post that was in "blatant violation" of a settlement intended to resolve a lawsuit over an earlier tweet the regulator said was misleading.

The big picture: In the February 19 tweet, Musk said Tesla would build 500,000 cars in 2019. He clarified on Twitter soon after Tesla would build at an annual rate of 500,000 cars by the end of 2019 but it would only build 400,000 cars this year. Musk's lawyers said the SEC's action was an "unconstitutional power grab."

What's next: U.S. District Judge Alison Nathan set the Manhattan hearing date for April 4 at 2 p.m. Eastern, Reuters reports. Nathan will decide if Musk should be held in contempt of court and whether he should be punished.

Go deeper

1 hour ago - World

Hong Kong pro-democracy media tycoon Jimmy Lai detained on fraud charge

An activist holds a placard highlighting China's Tiananmen Square massacre as pro-democracy media tycoon Jimmy Lai arrives at West Kowloon Magistrates' Court in Hong Kong in November. Photo: Isaac Wong/SOPA Images/LightRocket via Getty Images

Hong Kong media tycoon Jimmy Lai is being detained until an April court hearing after the pro-democracy supporter was charged Thursday with fraud, per his Apple Daily news outlet.

Why it matters: The 72-year-old's arrest and denial of bail is another blow for the pro-democracy movement in the former British colony amid concerns about a fresh crackdown on activists.

5 hours ago - Politics & Policy

Inhofe loudly sets Trump straight on defense bill

Sen. Jim Inhofe speaks with reporters in the Capitol last month. Photo: Samuel Corum/Getty Images

Senator Jim Inhofe told President Trump today he'll likely fail to get two big wishes in pending defense spending legislation, bellowing into his cellphone: "This is the only chance to get our bill passed," a source who overheard part of their conversation tells Axios.

Why it matters: Republicans are ready to test whether Trump's threats of vetoing the bill, which has passed every year for more than half a century, are empty.

Conspiracy theories blow back on Trump's White House

Sidney Powell. Photo: Tom Williams/CQ-Roll Call, Inc via Getty Images

President Trump has rarely met a conspiracy theory he doesn't like, but he and other Republicans now worry the wild tales told by lawyers Sidney Powell and Lin Wood may cost them in Georgia's Senate special elections.

Why it matters: The two are telling Georgians not to vote for Republicans David Perdue and Kelly Loeffler because of a bizarre, baseless and potentially self-defeating theory: It's not worth voting because the Chinese Communist Party has rigged the voting machines.