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I think Elon Musk knowingly misled the public in order to harm the financial positions of certain investors - and it seems his settlement with the SEC indicates
by travmatt 8y ago
I think Elon Musk knowingly misled the public in order to harm the financial positions of certain investors - and it seems his settlement with the SEC indicates that he accepts those charges against him. I think it’s inappropriate for companies in the public market to be led by individuals who attempt such fraud, and it seems like both Elon Musk and the SEC have the same opinion. I think much more harm would be done to the financial markets if people are allowed to commit fraud without repercussions - the settlement, again, wasn’t reached by considering how to best ensure Elon musk and Tesla remain profitable, it was made in consideration of how to dissuade other ceo’s in committing similar frauds.