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> What confuses me is that TSLA's price hasn't suffered. If I'm to speculate, it's because last time Tesla tangoed with the SEC, it got a slap on the wrist. Pe
by sangnoir 8y ago
> What confuses me is that TSLA's price hasn't suffered.
If I'm to speculate, it's because last time Tesla tangoed with the SEC, it got a slap on the wrist. Perhaps the market is expecting more of the same.
Tangentally - I don't know how common this belief is, but Matt Levine in his newsletter argued that the best way the SEC could protect Tesla's shareholders is to not get rid of Elon Musk regardless of his behaviour. I'm not saying that is Levine's belief - it might have been a thought experiment - and I disagree wholeheartedly with it because it doesn't consider 2nd order effects on CEO behaviour against a powerless SEC and how this would impact other non-Tesla shareholders.