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Musk paid the SEC $20m in his last settlement, what do they want, gratitude? There is definitely a cabal gunning for him, what I don't understand is why. There

Musk paid the SEC $20m in his last settlement, what do they want, gratitude? There is definitely a cabal gunning for him, what I don't understand is why. There are funds short TSLA who are talking their books as well, but he seems to have provoked a deeper coalition of interests that is hard to pinpoint. All I can tell is much of the criticism seems contrived. Maybe he's truly checked out because this is all just a simulation, and he wants to test what is symbolic and artificial, and what is real because philosophically and existentially it's the only meaningful problem to address, but from an investor and mental health perspective, that's dissociation and if that's really the case, I hope he likes painting in watercolors.

ceejayoz 8y ago
> Musk paid the SEC $20m in his last settlement, what do they want, gratitude? They want him to follow the other terms of the settlement, presumably. The fine's only a part of the punishment.
- elliekelly 8y ago
  But it (aside from the $20 million fine) it isn’t even a punishment. Every publicly-traded company has their tweets reviewed. Every. Single. One. It’s normal. It’s reasonably prudent for both the CEO and the shareholders. No shareholder wants to wake up and find 5%+ of market cap has been wiped out with a tweet.
  - ceejayoz 8y ago
    Don't forget that he was forced to step down as Tesla's Chairman. That the SEC settlement required Musk to hire a lawyer and institute a review process indicates that at least one publicly-trated company wasn't having tweets reviewed, and the SEC complaint this time around alleges this tweet wasn't reviewed either.
  - anth_anm 8y ago
    Uh, he also got removed as a chairman. Having the sense to review tweets is different than having an SEC settlement enforcing such action.
    - elliekelly 8y ago
      Remember, the SEC's function is to protect investors. Likewise, the function of the Chairperson of the Board is to represent investors on the Board. The SEC didn't remove Musk as Chair to punish him for his actions. The settlement required Musk to step down as Chair to give investors the representation they're entitled to because Musk didn't fulfill the fiduciary obligations of the role.

ceejayoz 8y ago

> Musk paid the SEC $20m in his last settlement, what do they want, gratitude? They want him to follow the other terms of the settlement, presumably. The fine's only a part of the punishment.

elliekelly 8y ago
But it (aside from the $20 million fine) it isn’t even a punishment. Every publicly-traded company has their tweets reviewed. Every. Single. One. It’s normal. It’s reasonably prudent for both the CEO and the shareholders. No shareholder wants to wake up and find 5%+ of market cap has been wiped out with a tweet.
- ceejayoz 8y ago
  Don't forget that he was forced to step down as Tesla's Chairman. That the SEC settlement required Musk to hire a lawyer and institute a review process indicates that at least one publicly-trated company wasn't having tweets reviewed, and the SEC complaint this time around alleges this tweet wasn't reviewed either.
- anth_anm 8y ago
  Uh, he also got removed as a chairman. Having the sense to review tweets is different than having an SEC settlement enforcing such action.
  - elliekelly 8y ago
    Remember, the SEC's function is to protect investors. Likewise, the function of the Chairperson of the Board is to represent investors on the Board. The SEC didn't remove Musk as Chair to punish him for his actions. The settlement required Musk to step down as Chair to give investors the representation they're entitled to because Musk didn't fulfill the fiduciary obligations of the role.