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The SEC could seek to bar him from being an officer or director of a public company. That would be independent of any criminal charges that might be filed. Eliz
by sseveran 8y ago
The SEC could seek to bar him from being an officer or director of a public company. That would be independent of any criminal charges that might be filed. Elizabeth Holmes agreed to similar terms when she settled with the SEC. In some ways I would agree that the downside for him might be limited if he can convince investors in SpaceX that they might need to wait out any imposed ban for a liquidity event.
While I agree that there are billions in potential upside in Tesla the potential return on that tweet was always negative given what was likely to follow.