Musk Suggests Tesla's New Chairwoman Won't Rein Him In 10 December 2018

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Elon Musk: ‘I Want to be Clear: I Do Not Respect the SEC’

The tweet under investigation was one where Musk said he was considering taking Tesla private and added that he had "funding secured".

Musk said he does not respect the SEC, but when asked if he would obey the settlement, he said: "Because I respect the justice system".

In September, the SEC chose to sue him for alleged securities fraud.

Musk says "it's not realistic" to think that Robyn Denholm will be reining him in because he remains the electric auto company's largest shareholder. The stock is up 15 percent since the start of the year, valuing the company at $61.4 billion. As part of the settlement with the SEC, he agreed to let Tesla's board oversee communications relating to the company, which includes tweets.

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"The only tweets that would have to be reviewed would be if a tweet had a probability of causing a movement in the stock", he said.

After the interview was aired, Tesla said in a statement that the company is complying with the SEC settlement. The part that requires pre-approval of communications that could affect the stock price technically must be in place by December 28, the company said. There's no option.Musk on the charges of abusive conditions at Tesla factories:Well, it's important to emphasize that there's been an aggressive campaign by the UAW to absolutely attack Tesla with a load of nonsense in-in order to try to unionize the company.

The visionary founder and CEO of EV pioneer Tesla made the comments during an interview with CBS News streaming this morning (AEDT), saying, "The whole point of Tesla is to accelerate the advent of electric vehicles...sustainable transport and trying to help the environment". So essentially I could just pull for a shareholder vote and get anything that I want provided I could get support for at least a 1/3 of the other shareholders. "Yeah. It, it's not realistic in the sense that I am the largest shareholder in the company". He was forced to resign as chairman but allowed to remain CEO. However, it may not be coincidental that on Friday, the company announced it had hired Dale Butswinkas-a leading trial lawyer-as the company's new general counsel. Musk on nearly bankrupting Tesla to meet Model 3 production goals:There's been relentless criticism-relentless and outrageous and unfair.

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