Elon Musk settles with the SEC; will step down as chairman of Tesla's board but remain CEO

[Gothmog]

This was a fast settlement

Link to tweet

[unblock]

1. This is a "just grow up" settlement"

—and Musk will step down as chairman of the company’s board for at least three years, while retaining his position as CEO. Tesla will also be required to appoint two new independent directors to its board and undergo additional changes to its corporate governance. The settlement still requires court approval.


Basically, this is just "you need to grow up and act like a real company, it's not your personal playground."

[NightWatcher]

2. You smoke one blunt and it ruins your life...

[Blue_true]

3. Come on. They guy tweeted a clearly false statement that affected markets.

If he was some POC that tweeted, "robbed the bank branch, money secured", cops would find that person with long rifles and if the person was lucky enough to live once found, put that person in jail for a long time.

Please don't confuse the issue, he settled because he knowingly did something that should be criminal, and smoking a joint don't remotely qualify for criminality.

[NightWatcher]

4. First he was in Cali where it's legal to smoke

Of course it was because of his tweet.