SEC Claims Elon Musk's Behaviour On Twitter Is Reckless - Are They Right Or Behind The Times?

The Securities and Exchange Commission (SEC) has issued a fiery response to the points outlined by Elon Musk’s legal team last week, which saw the Tesla CEO take a firm stand against the allegations of the agency. According to the SEC’s response, Musk must be held in contempt because his “reckless actions” on social media have been “stunning.”
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CANADIANCOMMENTS - 3/19/2019 9:44:14 AM

-5 Boost

Best to look at this in a lens that is BT - Before Trump vs AT -After Trump. In the normal actions of a leader or CEO of a company, you would not fire off your random thoughts are twitter. Everything would be measured and controlled and your people in PR and regulatory would vet it before it when out on your official account. But it is highly likely you would not be tweeting anyway. You have no time for this silliness and social discourse as a CEO. You are too busy.

valhallakey - 3/19/2019 2:55:31 PM

+4 Boost

Hilarious, in today’s world anything said online by an individual via twitter, blogs, Facebook, instagram etc... has to be considered as a fuzzy ephemeral thing. Corporate ids on the other hand should be more responsible.

countguy - 3/19/2019 9:49:04 AM

-3 Boost

Well considering the bar has been severely lowered for "leaders", this is not surprising.

Truthy - 3/19/2019 9:56:30 AM

+1 Boost

His agreement with the SEC in order to avoid more sever sanctions was to have all communication reviewd by the company lawyer. Afterward he said he would decide which tweets needed to be reviewed and then further stated he has no repsect for the SEC. They need to bring the hammer down on this arrogant twit.

skytop - 3/19/2019 9:59:43 AM

+6 Boost

Most everyone knows Musk is a loose canon with little mouth control.

PUGPROUD - 3/19/2019 10:32:07 AM

+6 Boost

When you make unfounded statements that move the stock you are out of control...whether it be in 1952, 2019 or 2075. It may seem hip and aligned with today's culture but its reckless and brings unwanted attention and law suits to your company.

SanJoseDriver - 3/19/2019 2:33:05 PM

-1 Boost

And what statement was that? He said the same thing on the investor call as his tweet.

qwertyfla1 - 3/19/2019 4:39:47 PM

+3 Boost

Musk has no respect for the laws (nor his shareholders) and therefore should not be allowed to captain any type of pubco in any capacity. I hope the SEC throws the book at him (deservedly so) and be done with this PT Barnum sideshow once and for all...

MDarringer - 3/19/2019 6:26:34 PM

+1 Boost

Musk needs to be forced out of Tesla for Tesla's own good.

PUGPROUD - 3/19/2019 6:38:20 PM

+1 Boost

Reported today that SEC's recent investigation has determined that none of Elon's tweets have been approved by a lawyer which was agreed to in the consent decree he signed. He acts like a spoiled child who believes the rules do not apply to him. Time the SEC removed him from a spokesperson position with the company.

mini22 - 3/20/2019 1:11:47 AM

+1 Boost

I've long predicted that Musk will eventually be out at Tesla. I think now it is a matter of time before the board gets tired of hearing from the SEC. If Musk left I think Tesla stock could really soar. The fact is that Musk wants to go to Mars. He might be better served to put his full efforts into Spacex.