Reply to post: Re: Musk is entitled to produce proof

Holy smokes! US watchdog sues Elon Musk after he makes hash of $420 Tesla tweet

Jellied Eel Silver badge

Re: Musk is entitled to produce proof

Unless he can produce proof showing otherwise, this is an open and shut case.

It would seem that way. On the plus side, Musk didn't appear to trade post-tweet, so may not have directly gained. And it's still possible the SEC might settle. Which could also be a plus. Old joke about financial court case.. The jury got 3 years.

As for Musk being CTO, the meaning of "officer" in a corporate sense and a title saying you are an "officer" are two different things.

Yup, which may have implications for other companies, ie Space-X or his Boring Company based on this comment from Motley Fool-

Banning him from serving as an officer or director of a public company, or of a private company that is required to register its securities because it has a large number of non-accredited shareholders (as a gone-private Tesla might have been ).

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