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>He did no such thing. You are probably referencing a series of tweets where Elon was openly contemplating what would be required to buy back Tesla shares. The
by LiquidSky 8y ago
>He did no such thing. You are probably referencing a series of tweets where Elon was openly contemplating what would be required to buy back Tesla shares. The settlement with SEC clearly stated that no fault was found and no guilt admitted.
Yes, that's the "slap-on-the-wrist settlement" for Musk's
securities fraud the parent was referring to.
>Why people get so excited about Musk spewing numbers over Twitter is beyond me
Because he is the head of a publicly traded company and spewing those numbers can violate the law.
>The crowd was eager to hang Elon over “funding secured” despite the entire deal being dependent on shareholder agreement.
Yes, that's precisely why his statement was fraud. He said he had funding secured when he didn't. He did this to manipulate the market.
Outside of the Musk cult, these are the laws people in Musk's position need to follow. If anything evidences SEC corruption it's Musk getting that sweetheart settlement for behavior that would land us average Joes in jail.
- manicdee 8y agoYour claim that the purpose was to manipulate the market has no evidence to support it. If you want to talk about cults at least support your argument with evidence.