> > "The SEC sued, alleging securities fraud. If the SEC had used this as a pretext to remove Musk from power entirely, they might well have succeeded outright,

> > "The SEC sued, alleging securities fraud. If the SEC had used this as a pretext to remove Musk from power entirely, they might well have succeeded outright, and could at least have launched a major legal battle that would have dragged Tesla down for years. If this had happened in a conservative country like Germany or France, where regulators are hostile to economic disruption, such an attack would have been very likely." Couterpoint: Only in America the disruptor entrepreneur can cashin and enjoy a life full of luxury before they even deliver 1% of the disruption they promised. From the perspective of regulators allowing some frauds in order not to miss out on disruption can be seen as a valid strategy, but if you allow fraud and all you get in return is the promise of future disruption then not so much. Same with SPACs and VCs in general, these people are hype machines with their PR, and they do so in order to sell into bigger fools so they never have to face the music for not delivering on their promises.