Tesla CEO Elon Musk lashes out against the SEC

An illustration with the Tesla logo

An illustration with the Tesla logo

In an interview with 60 Minutes (the United States one), he said that no one was monitoring his tweets in advance, with the exception of ones that had a "probability of causing a movement in the stock", adding "otherwise it's - hello, first amendment".

What's more, the SEC said Tesla must put "additional controls and procedures to oversee Musk's communications", including his tweets.

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".

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". 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.

In October, the agency settled a lawsuit with Musk that stemmed from an August tweet where he floated the possibility of taking Tesla private.

"I guess we might make some mistakes", he says. There were also several other conditions, including a requirement for Musk to step down as chairman of Tesla's board (he remains CEO) and for Tesla to institute some form of oversight over Musk's tweets to prevent similar situations from occurring in the future.

Musk: The only tweets that would have to be, say, reviewed, would be if a tweet had a probability of causing a movement in the stock.

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"Punctuality is not my strong suit", Musk said.

"I think there was like literally one week where I actually worked 120 hours and just didn't leave the factory".

As Tesla pointed out, the settlement does not require oversight of Musk's Twitter feed until nearly the end of the year, so technically Musk has not broken the agreement. "I am the largest shareholder in the company".

In a statement from Tesla to Ars on Monday, the company told us that "We can confirm the settlement is being complied with".

Somehow, Musk managed to squander a lot of the public's goodwill, which might have something to do with Tesla and Musk's reputed hostility to unions or maybe even that time Musk baselessly called a rescue diver a paedophile. Musk said he would not be interested.

Later in the interview, Musk continued to slam the SEC's decision to strip him of his Board Chairman title.

Tesla makes the all-electric Model S, Model X and Model 3 at its sole auto plant in California, which it bought from a joint venture operated by GM and Toyota Motor Corp.

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