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Elon Musk deserves tougher love from the SEC

Elon Musk deserves tougher love from the SEC

6 years ago
Anonymous $oIHRkISgaL

https://techcrunch.com/2018/10/07/elon-musk-deserves-tougher-love-from-the-sec/

Four Elon Musk tweets. One Securities and Exchange Commission lawsuit. Two settlement offers. Then some more Musk tweets taunting the SEC.

While Tesla continues to prove its doubters wrong as an automotive and energy business, the ongoing social media sideshow hangs over its finances. The stock rose to $310.70 per share on Monday, after Musk agreed to settle with the SEC last weekend. But the company ended this Friday around where it had been a week before, at $261.95 per share, seemingly driven by investor fears over the chief executive’s ongoing Twitter problem.