3 ms·
> [...]misleading about having an investor > they didn't have[...] It was a lot worse than that: 1. TSLA told the SEC Musk's personal Twitter fell under t
by avar 8y ago
> [...]misleading about having an investor
> they didn't have[...]
It was a lot worse than that:
1. TSLA told the SEC Musk's personal Twitter fell under their purview.
2. SEC: OK, thanks!
3. Musk proceeded to talk shit on Twitter.
4. The SEC got upset, TSLA agreed to have all of Musk's investor-related musings reviewed before posting.
5. Musk proceeds to share investment-related musings on Twitter again without going through that process.
6. The SEC tightens the screws.
There's mistakes, and then there's dangerously infantile and reckless behavior from a CEO and the board.
It's not even about the specifics of what he said. How hard is it to have one Twitter account for your random musings and another one for investment commentary?
Or, hire a full-time small team of lawyers whose only job is to be constantly VNC'd into your phone and shut it down if you're about to violate the SEC's terms about your use of Twitter.
If only there had been some prior warning signs, I don't know, maybe the board having some actionable thing to work with earlier. Say, like Musk calling a worldwide hero "pedo guy" on Twitter a year earlier, which might suggest that maybe his impulsive use of social media should be reigned in?