Tesla CEO Elon Musk taunts United States financial regulatory agency

Tesla CEO Elon Musk taunts United States financial regulatory agency

Musk faced scrutiny this year for several controversies, including his battle with a Thai cave rescue diver, a settlement with the SEC and Tesla's production speed.

After tweeting, "Am considering taking Tesla private at $420".

Mr Musk agreed to a settlement that would allow Tesla oversight of his posts on Twitter, specifically of messages that could lead to share price moves.

"The only tweets that would have to be, say, reviewed, would be if a tweet had a probability of causing a movement in the stock", Musk said.

Elon Musk says he has "no respect" for the Securities and Exchanges Commission (SEC) financial regulator. "I do not respect them", he said.

With General Motors slashing costs, closing 5 auto plants and laying off thousands of workers in a total overhaul to embrace the shift to electric cars, Musk has said he welcomes the competition.


Further, Tesla sent us a portion of the interview transcript regarding Musk's remarks about Denholm that had been edited down by 60 Minutes.

The complaint also claims Musk's plans were not discussed "with any potential financing partners, and he allegedly knew that the potential transaction was uncertain and subject to numerous contingencies". There's no option.Musk on the charges of abusive conditions at Tesla factories:Well, it's important to emphasize that there's been an aggressive campaign by the UAW to absolutely attack Tesla with a load of nonsense in-in order to try to unionize the company. "And I can just call for a shareholder vote and get anything done I want". " Challenged on how this could be determined if no one is actually checking them, he just says that they "might make some mistakes sometimes".

Tesla said it is complying with the settlement, and has until December 28 to put in place its communications policy.

Musk owns about 20 percent of Tesla. Ltd., Australia's largest telecommunications company, but will step down from that company after a six-month notice period and work at Tesla full-time. Musk went on to explain exactly how much no longer being "chairman" means to him.

And most people know that the title means nothing, but the way the game is usually played, people in Musk's position make a big show of being sad so it looks like the SEC imposed a "real" punishment.

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