He did no such thing. You are probably referencing a series of tweets where Elon was openly contemplating what would be required to buy back Tesla shares. The settlement with SEC clearly stated that no fault was found and no guilt admitted.
Why people get so excited about Musk spewing numbers over Twitter is beyond me, when the responsible course of action is to verify claims against other better vetted sources.
The crowd was eager to hang Elon over “funding secured” despite the entire deal being dependent on shareholder agreement.
The crowd is now eager to hang Elon over a typo.
I think it’s the crowd that needs to delete Twitter, not Elon.
Before you start discussing SEC rules remember these are all people who have been complicit in regulatory capture and they are all by definition the worst people for the job. They stood by while market manipulation was being performed daily through media publishing misleading stories in time to shake up morning trading. The SEC is corrupt to the core.
>He did no such thing. You are probably referencing a series of tweets where Elon was openly contemplating what would be required to buy back Tesla shares. The settlement with SEC clearly stated that no fault was found and no guilt admitted.
Yes, that's the "slap-on-the-wrist settlement" for Musk's
securities fraud the parent was referring to.
>Why people get so excited about Musk spewing numbers over Twitter is beyond me
Because he is the head of a publicly traded company and spewing those numbers can violate the law.
>The crowd was eager to hang Elon over “funding secured” despite the entire deal being dependent on shareholder agreement.
Yes, that's precisely why his statement was fraud. He said he had funding secured when he didn't. He did this to manipulate the market.
Outside of the Musk cult, these are the laws people in Musk's position need to follow. If anything evidences SEC corruption it's Musk getting that sweetheart settlement for behavior that would land us average Joes in jail.
> The settlement with SEC clearly stated that no fault was found and no guilt admitted.
Who says that no fault was found? Surely not
Musk. He didn’t admit or deny the allegations of the complaint. And:
Defendant understands and agrees to comply with the terms of 17 C.F.R. § 202.5(e), which provides in part that it is the Commission’s policy “not to permit a defendant or respondent to consent to a judgment or order that imposes a sanction while denying the allegations in the complaint or order for proceedings,” and “a refusal to admit the allegations is equivalent to a denial, unless the defendant or respondent states that he neither admits nor denies the allegations.” As part of Defendant’s agreement to comply with the terms of Section 202.5(e), Defendant: (i) will not take any action or make or permit to be made any public statement denying, directly or indirectly, any allegation in the complaint or creating the impression that the complaint is without factual basis; (ii) will not make or permit to be made any public statement to the effect that Defendant does not admit the allegations of the complaint, or that this Consent contains no admission of the allegations, without also stating that Defendant does not deny the allegations; ...
Why people get so excited about Musk spewing numbers over Twitter is beyond me, when the responsible course of action is to verify claims against other better vetted sources.
The crowd was eager to hang Elon over “funding secured” despite the entire deal being dependent on shareholder agreement.
The crowd is now eager to hang Elon over a typo.
I think it’s the crowd that needs to delete Twitter, not Elon.
Before you start discussing SEC rules remember these are all people who have been complicit in regulatory capture and they are all by definition the worst people for the job. They stood by while market manipulation was being performed daily through media publishing misleading stories in time to shake up morning trading. The SEC is corrupt to the core.