Elon Musk aims at the SEC again

Anna Jefferson
December 11, 2018

One of the terms of Elon's settlement with the SEC included a mandate that his Tesla tweets get pre-approval before he sends them.

Tesla Chief Executive Elon Musk delivered a new barrage of criticism at the Securities and Exchange Commission, saying he doesn't respect the agency and that his communications on Twitter haven't been censored by the company.

LESLEY STAHL: So your tweets are not supervised? "I do not respect the SEC", Musk said, according to a transcript provided in advance by the network.

Musk: 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.

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"Otherwise it's 'Hello, First Amendment, ' he continued, referencing the USA constitutional right to free speech, which he called "fundamental". I do not respect the SEC. We can only wonder how he feels about his hostile comments during his 60 Minutes interview.

Asked how Tesla would know if his tweets would move the market if they weren't all being read, Musk replied: "Well, I guess we might make some mistakes".

"If somebody comes and makes a better electric auto than Tesla and it's so much better than ours that we can't sell our cars, and we go bankrupt, I still think that's a good thing for the world".

As you may recall, this all started in August, when Musk took to Twitter to tell his 23.6 million followers that he had secured funding to return Tesla to private ownership via way of an oblique drug reference. (Editors" note: CNET is owned by CBS, which airs 60 Minutes.) "If somebody's gonna jump in the war zone, it's, like, "Okay, you're in the arena".

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But he said in the Sunday interview that no one was proofreading his tweets. Let's put it that way.

I think there was like literally one week [during the Model 3 production push] where I actually worked 120 hours and just didn't leave the factory.

"Well, I mean punctuality's not my strong suit".

"People should not ascribe to malice that which can easily be explained by stupidity", he says. But "just because I'm dumb at predicting dates doesn't mean I'm untruthful", he added. "I don't know how to smoke anything, honestly". I didn't even go outside. "We're probably less than 6 months from that, but that's our mission".

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