3 ms·

Musk usually doesn't do the profit part, which is why he can settle with the SEC for pennies (relatively speaking).

• Rebelgecko 4y ago
  Didn't he profit (in terms of net worth, I guess he didn't realize any gains yet) by not disclosing when he hit the 5% mark?
  • solveit 4y ago
    Yes but he didn't sell as you say. Same with dogecoin, the "funding secured" debacle, and all his other stuff. He does something stupid and probably illegal, but doesn't actually take the crucial steps to profit and complete the scam. The image he portrays (I'm tempted to say cultivates) is that of someone above the law who doesn't give a fuck, not that of a common pump-and-dump scammer.
    • rpmisms 4y ago
      In his own words, he pumps, but he never dumps.
    • HWR_14 4y ago
      He profited from his pumping in a lot of ways, just not by selling stock.