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DOJ is investigating tesla ( not elon musk though they may investigate musk in the future ) and a criminal case ( DOJ ) has a far higher bar than a civil case (
by liftbigweights 8y ago
DOJ is investigating tesla ( not elon musk though they may investigate musk in the future ) and a criminal case ( DOJ ) has a far higher bar than a civil case ( SEC ).
"In a fraud case over Musk’s tweet, the SEC would only have to show that Musk was “reckless” when he tweeted about going private. The Justice Department, meanwhile, would have to prove “willfulness” — meaning that he tweeted about going private with a particular intent rather than “recklessly” dashing it off."
https://finance.yahoo.com/news/heres-doj-prove-case-elon-musks-tweet-193917953.html https://finance.yahoo.com/news/heres-doj-prove-case-elon-mus...
If the SEC gave Elon a slap on the wrist with such a low bar ( recklessness ), I'm guessing DOJ won't have much of a case with their high bar. I can see musk being reckless. I can't see him being involved in stock manipulation. The guy has a $20 billion net worth. But I guess we will have to wait and see.