Tesla Stock Regains Losses After Musk Claims SEC Is Overreaching

Tesla (TSLA) stock went down 5% last night after investors panicked over the SEC trying to hold Elon Musk in contempt of his settlement deal over a tweet.

Now, the automakers stock has erased the losses today as it appears that the SEC could be overreaching by going after Musk for the tweet.

Yesterday, the SEC asked a judge to hold Musk in contempt for violating one of the terms of the settlement of SEC’s complaint against Musk over his “funding secured” comment about his attempt to take Tesla private.

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CANADIANCOMMENTS - 2/26/2019 6:16:20 PM

+6 Boost

Nobody in a senior role (private business or government) should tweet. It leads to nowhere good...Ever.

MDarringer - 2/26/2019 7:48:01 PM

+1 Boost

Indeed.

Someone needs to beat the living hell out of Elon Musk and get him to shut up once and for all.

PUGPROUD - 2/26/2019 6:59:27 PM

+2 Boost

If the SEC is overreaching its just an indication that they are really pissed about Musk's behavior following the deal they signed and are looking for any reason to get him, justifiably so.

runninglogan1 - 2/26/2019 8:51:43 PM

-2 Boost

Just Musk being Musk. Get over it.

LexSucks - 2/28/2019 10:40:34 AM

0 Boost

You are a Telsazombie

LexSucks - 2/28/2019 10:40:34 AM

0 Boost

You are a Telsazombie

ricks0me - 2/26/2019 9:56:15 PM

+3 Boost

Tesla Stock Regains Losses After Musk Claims SEC Is Overreaching ... So I should believe dope smoking on TV Musk !!!!

mre30 - 2/26/2019 10:21:43 PM

+6 Boost

We live in an era where 'disbelief' and 'doubt' is suspended for certain people by their constituents. Elon Musk is one of those people.

Such a thing is not a problem, until it IS a problem and by then its too late.

qwertyfla1 - 2/27/2019 7:34:24 AM

+3 Boost

P.T. Barnum.

Tiberius1701A - 2/27/2019 7:40:45 AM

+1 Boost

Because TeslaZombies™, that's why.

Truthy - 2/27/2019 9:10:21 AM

+2 Boost

Runninglogan, we have rules and regulations about not misleading investors for a reason. If CEOs can lie about results or future plans then trust in equities will evaporate and everyone will pull their money out.
The SEC is not overreaching, they are doing their job.

Truthy - 2/27/2019 9:11:39 AM

0 Boost

Hey, MD, how about have Musk ride in one of his own cars on autopilot and auto self- destruct.

skytop - 2/27/2019 12:41:58 PM

0 Boost

So now the market is listening to the felon flim flam man?

SanJoseDriver - 3/8/2019 9:11:55 PM

+1 Boost

Felon flim flam man? Are you speaking English?