Elon Does A Donald Trump Pushback. Will The Charges Amount To Anything?

The facts will show I never compromised my integrity in any way: Musk

Tesla CEO Elon Musk on Thursday called the SEC's allegations of fraud "unjustified" and said he acted in the best interests of investors.

"This unjustified action by the SEC leaves me deeply saddened and disappointed," Musk said in a statement to CNBC. "I have always taken action in the best interests of truth, transparency and investors. Integrity is the most important value in my life and the facts will show I never compromised this in any way."

Do you think the fraud charge amount to anything more than a stiff fine or a slap on the wrist??

Spies, discuss....

SanJoseDriver - 9/28/2018 12:48:05 AM

-2 Boost

I give it a 50/50 chance he'll get off Mark Cuban or Reed Hastings style. In the chance things go bad, likely there will be some sort of compromise versus the SEC's recommended penalties.

PUGPROUD - 9/28/2018 5:48:11 AM

+5 Boost

Elon Musk...the gift that keeps on giving ! Request to SEC...Can we bring the curtain down on this clown circus soon, please. Enough already!

qwertyfla1 - 9/28/2018 7:09:50 AM

+4 Boost

His arrogance is only surpassed by his arrogance.

Like most entrepreneurs he is NOT a manager and Tesla would be better served with a more seasoned pro at this pivotal turning point if the company is to survive.

mre30 - 9/28/2018 7:13:32 AM

+5 Boost

Facts are facts...Musk has some problems.

TomM - 9/28/2018 7:15:22 AM

+8 Boost

Musk committed securities fraud - and cost investors Billions of dollars - and the resulting fines alone will be in the Hundreds of Millions

Musk had his chance to settle - and chose not to - which means this is going to be ugly - but in the end - it is the investors that lost the money -that will keep after him personally and the company as well.

xjug1987a - 9/28/2018 12:35:15 PM

+1 Boost

Thank you Tom, completely agree!

MDarringer - 9/28/2018 8:11:23 AM

+3 Boost

I hope they bury this charlatan.

Truthy - 9/28/2018 11:54:42 AM

+5 Boost

Rules are there for a reason. Unless he has documentation to show he has $70 billion lined up, then he is guilty of manipulating the market.

xjug1987a - 9/28/2018 12:35:50 PM

-1 Boost

Thank you to everyone for not taking the bait...

1lostVW - 9/28/2018 7:29:52 PM

+1 Boost

Rich does not make you invulnerable or above the law... so I think Elon is in Deep S$!#....

skytop - 9/29/2018 3:03:20 AM

-1 Boost

Don't bother Musk, he is zoning out in his drug store.