Tesla’s Elon Musk Hits Out At US SEC

Elon Musk: ‘I Want to be Clear: I Do Not Respect the SEC’

Elon Musk gets teary in 60 Minutes rant against SEC and his ‘First Amendment’ right to Twitter beef

Tesla CEO Elon Musk has expressed interest in buying General Motors factories that will soon be shut down.

Musk denied being baked at the time of the infamous "funding secured" tweet to the New York Times, saying "Weed is not helpful for productivity". But I believe him that he truly is clueless when it comes to smoking weed-which makes it that much sadder he lost $20 million (£16 million) and the chairmanship of his electric vehicle company over it. He dismissed the idea that she was brought in as a "babysitter" but said he could "call for a shareholder vote and get anything done that I want".

Is it possible the guy who is now being investigated by NASA for smoking weed publicly, and who tweeted the only known weed joke to generate a fraud charge. knows absolutely nothing about weed?

It should be noted that the SEC settlement does not mean that a separate Department of Justice probe over Musk's tweets (which can file criminal charges) has ended.

Back in September, after SEC levied securities fraud charges based on Musk's tweets, Tesla and its boss struck separate deals with the United States agency to settle the matter. When asked how his board can know if a tweet is going to move the market without the chance to read them first, Musk quite reasonably replied, "We might make some mistakes, who knows!"

As part of the settlement deal, Tesla also hired two independent directors to strengthen its corporate governance; Musk was forced to step down as board chairman. She is chief financial officer and strategy head at Telstra Corp.

Musk told "60 Minutes" interviewer Lesley Stahl that he had hand-picked Denholm. Ltd., Australia's largest telecommunications company.

He said he agreed to settlement terms with the federal agency-he and Tesla were each fined $20 million in October-out of respect for the law.

I'm not especially interested in passing judgement on anyone's drug habits or lack thereof, Musk included.

"I actually prefer to have no titles at all", Musk said.

Incidentally, GM's decision to slash production at several plants and eliminate 14,000 jobs has caused outrage and concerns among labor leaders, lawmakers, and people in the regions that rely on the factories for work.

Latest News