4 ms·

It's not really about that alone. Musk have a case against him by the SEC (tweeting about taking tesla private), it seems like they can win it, and he might be

It's not really about that alone. Musk have a case against him by the SEC (tweeting about taking tesla private), it seems like they can win it, and he might be forced to stop using twitter. Now I can imagine it hard for the SEC to enforce such a role if it's his private company. So in a sense he's using that money to secure his best tool to marketing / growth which is definitely worth 50Bn$ for tesla alone (then add all his other ventures now and in the future)

onelovetwo 5y ago
He addresses the SEC thing here: https://youtu.be/cdZZpaB2kDM?t=1635 https://youtu.be/cdZZpaB2kDM?t=1635
VectorLock 5y ago
>he might be forced to stop using twitter Just like last time.
dwighttk 5y ago
Is the SEC upset about Elon’s tweeting or making public statements that happen to occur on Twitter?
- elliekelly 5y ago
  It was definitely his false and misleading statements that were the problem.
SkyMarshal 5y ago
SEC already punished him by making him step down as chair of Tesla for 3 years, plus a fine. And I doubt that curtailing anyone’s first amendment rights is a punishment the SEC is legally allowed to enact. [1]:https://www.sec.gov/news/press-release/2018-226 https://www.sec.gov/news/press-release/2018-226
- elliekelly 5y ago
  The SEC “curtails first amendment rights” all the time. It’s arguably one of their most effective means of enforcement: an order or agreement to stop lying.
  - SkyMarshal 5y ago
    I am not a lawyer, but restricting Musk from being able to speak publicly seems an overly-broad way of restricting him from lying about market-related things, given that the latter is a small subset of his overall speech.
    - elliekelly 5y ago
      I don’t think it’s likely the SEC would prohibit him from using twitter altogether but I don’t think it’s entirely beyond their ability, either. Especially in the context of a settlement agreement.
a2800276 5y ago
The SEC doesn't need to persuade Twitter to enforce anything and it would make a difference if Twitter is public or private. The SEC can sanction Musk as an individual and officer of Tesla. As such insider trading rules (and whatever?) apply to him, no matter what medium he uses to break them. (And please explain how publishing stoner and dogecoin memes is worth $50billion to Tesla... ;)

onelovetwo 5y ago

He addresses the SEC thing here: https://youtu.be/cdZZpaB2kDM?t=1635 https://youtu.be/cdZZpaB2kDM?t=1635

VectorLock 5y ago

>he might be forced to stop using twitter Just like last time.

dwighttk 5y ago

Is the SEC upset about Elon’s tweeting or making public statements that happen to occur on Twitter?

elliekelly 5y ago
It was definitely his false and misleading statements that were the problem.

SkyMarshal 5y ago

SEC already punished him by making him step down as chair of Tesla for 3 years, plus a fine. And I doubt that curtailing anyone’s first amendment rights is a punishment the SEC is legally allowed to enact. [1]:https://www.sec.gov/news/press-release/2018-226 https://www.sec.gov/news/press-release/2018-226

elliekelly 5y ago
The SEC “curtails first amendment rights” all the time. It’s arguably one of their most effective means of enforcement: an order or agreement to stop lying.
- SkyMarshal 5y ago
  I am not a lawyer, but restricting Musk from being able to speak publicly seems an overly-broad way of restricting him from lying about market-related things, given that the latter is a small subset of his overall speech.
  - elliekelly 5y ago
    I don’t think it’s likely the SEC would prohibit him from using twitter altogether but I don’t think it’s entirely beyond their ability, either. Especially in the context of a settlement agreement.

a2800276 5y ago

The SEC doesn't need to persuade Twitter to enforce anything and it would make a difference if Twitter is public or private. The SEC can sanction Musk as an individual and officer of Tesla. As such insider trading rules (and whatever?) apply to him, no matter what medium he uses to break them. (And please explain how publishing stoner and dogecoin memes is worth $50billion to Tesla... ;)