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Elon owns Twitter privately. Tesla is publicly traded and falls under SEC regulations, fiduciary duty, etc. He can do with Twitter as he pleases; not so with Te
by scythe 4y ago
Elon owns Twitter privately. Tesla is publicly traded and falls under SEC regulations, fiduciary duty, etc. He can do with Twitter as he pleases; not so with Tesla. In fact, the SEC filed suit re: Tesla and forced Elon to step down as chairman.
- matthewdgreen 4y agoHe's the CEO and the largest single shareholder of the company. Plus he's the face of it, and the cause of it's meme-stock status. I've seen this show before and I know that nobody is going to dislodge him until the company is a breath away from bankruptcy (or deep in it.)
- solarkraft 4y agoHe doesn't seem to mind breaking SEC regulations much. He may get punished, but that's afterwards.