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I mean, I personally would find it hilarious if true, but can he just take money from Tesla and dump it into Twitter without running afoul of financial regulati

I mean, I personally would find it hilarious if true, but can he just take money from Tesla and dump it into Twitter without running afoul of financial regulations? Wouldn't that just be, like, stealing? I wish the article had provided some, ya know, facts and context.

beardyw 4y ago
If he has shares in company A he can sell them and buy shares in company B.
- klyrs 4y ago
  That's above-board. Making Tesla engineers moonlight (or daylight) on Twitter code is not. He's gotten fined for pulling similar shenanigans with Tesla&SpaceX.
  - deleted 4y ago
    [deleted]
  - panick21_ 4y ago
    > He's gotten fined for pulling similar shenanigans with Tesla&SpaceX. I follow this companies, specially pretty closely. Please provide a source. Usually how it works that one company pays the other a service fee for the time used. This is also used by the Boring company.
- sidibe 4y ago
  I thought normally CEOs have to plan pretty far ahead to dump stocks so there's no suspicion of insider trading. When he first unloaded to buy Twitter a lot of people were speculating it was an excuse to unload TSLA ahead of bad news like finally facing consequences for FSD. You'd think if CEOs/founders are careful about announcing sales ahead of time, selling suddenly and after previously tweeting he was done selling would have consequences. In the end I think regulators in automobile and financial industries rely a lot on self regulation and don't know what to do when someone doesn't even go through the motions