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Elon Musk Is Real Pissed He Can't Just Tweet Whatever Anymore

11 December, 2018, 00:55 | Author: Sara Gill
  • SpaceX founder and chief executive Elon Musk speaks after announcing Japanese billionaire Yusaku Maezawa as the first private passenger on a trip around the moon in Hawthorne Calif. on Sept. 17 2018

None of his tweets have been censored since the settlement, he says, and he also says no one is reading them before they go out.

But, according to the terms of the settlement, any tweets pertaining to the automaker, such as one claiming that Tesla will "soon" be roadworthy for completely driverless interactions, would likely fall under the clause pertaining to mandatory "oversight of communications" before being sent to the world (Specifically, the settlement calls out Twitter by name).

"I wanna be clear", Musk tells correspondent Lesley Stahl, "I do not respect the SEC". When asked if the new chairperson was put in place to watch over Musk, Musk said that wasn't the case.

Further, Tesla sent us a portion of the interview transcript regarding Musk's remarks about Denholm that had been edited down by 60 Minutes.

Elon Musk, the chief executive officer of Tesla Inc., openly derided the US Securities and Exchange Commission (US SEC) in an interview, having settled fraud charges with the regulatory agency over an errant tweet.

"I guess we might make some mistakes", he says.

This followed a tweet in which Mr Musk wrote that he had secured funding to take Tesla off the stock market and make it a private company.

"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. (Barron's Avi Salzman made that point back in early November.) Musk also said it is "possible" that he might look to take on manufacturing capacity vacated by other auto makers as they pull back. 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.

The SEC forced Musk to step down as chairman of the board for three years.

A Tesla spokesperson confirmed to Business Insider that the company was in compliance. "Yeah. It, it's not realistic in the sense that I am the largest shareholder in the company".

"I actually prefer to have no titles at all", Musk said.

Musk owns about 20 percent of Tesla.

Tesla now only has one assembly plant, located in Fremont, California.

Musk said the long-awaited $35,000 version of the Model 3 will "probably" be available in five to six months.


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