Monday, December 10, 2018

Elon Musk Keeps Up Fight With SEC

Elon Musk, the technology mogul behind SpaceX and Tesla Motors, apparently is continuing his disparagement of the Securities and Exchange Commission, this time on an interview with 60 Minutes. In an interview, aired over the weekend, Elon Musk says "I want to be clear. I do not respect the SEC. I do not respect them." Musk and Tesla settled a lawsuit by the SEC in October, settling charges brought by the SEC over disclosure controls and procedures around Musk's tweets. Musk has a bit of a history behind authority, with his personal behavior causing a review by NASA of SpaceX commercial crew missions due to his smoking pot on a podcast, and a lawsuit related to Musk calling the head of the rescue team in the Thailand cave rescue "pedo guy".