What legal basis does Musk cite to end the 2018 tweet agreement?

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Musk Cites SEC Harassment and Coercion in Bid to End Tweet Approval Agreement

Elon Musk is seeking to terminate a 2018 agreement with the US Securities and Exchange Commission (SEC) that mandates prior legal approval for certain of his tweets. His legal team contends that the SEC's ongoing scrutiny and enforcement actions constitute harassment and an attempt to silence him, arguing he was coerced into accepting the original consent decree. Musk asserts that he never misled shareholders and agreed to the terms in 2018 solely for the survival of Tesla.
Allegations of SEC Harassment and Coercion

Musk's legal representatives have put forth the argument that the SEC's persistent investigation into his social media posts represents a deliberate effort to harass both Tesla and himself. This claim is central to his attempt to invalidate the 2018 consent decree. He specifically states that he felt "forced" to agree to the terms of the deal under the threat of legal action, indicating a lack of voluntary consent.
Defense of Past Statements and Shareholder Integrity

In his defense, Musk maintains that his August 7, 2018 tweet, which stated he had secured funding to take Tesla private at US$420 per share, was made at a time when he was genuinely considering such a move. He emphatically denies ever lying to shareholders, asserting his commitment to their interests. He further explains that his agreement to the consent decree was a strategic decision made "for the survival of Tesla, for the sake of its shareholders."
Accusations of Relentless Investigation

The legal team representing Musk has accused the SEC of engaging in a pattern of "relentlessly" investigating his tweets over the past four years. This alleged pattern of scrutiny is being presented as evidence of the regulator's overreach and a justification for revisiting the 2018 agreement. Recent filings highlight the SEC's opening of another inquiry in February concerning a Twitter poll Musk conducted regarding the sale of 10 per cent of his Tesla stake.

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What legal basis does Musk cite to end the 2018 tweet agreement?

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