SEC Asks Manhattan Federal Court to Hold Elon Musk in Contempt

Post by halvingalg » Tue, Feb 26, 2019, 12:07 AM UTC

slouch wrote: post #23

spectramax wrote: post #3

At this point, the board of directors should just demand deletion of his Twitter account. I admire Elon for his vision, and actually also admire his radical style despite of its unpopular image - I watched the video where he smoked pot on the radio show. It was a really amazing conversation about future of humanity. He just needs to stop tweeting. You may say it’s fixing the symptom, but here if we take Twitter away,…

How about, "helped every piece of news break faster." I knew about every trade during the run up to today's 3pm NHL trade deadline many minutes and sometimes hours before the stories appeared on nhl.com or sportsnet, etc.

Post by froindt » Tue, Feb 26, 2019, 12:07 AM UTC

mlindner wrote: post #14

Surely the SEC has something better to do than attack someone for tweeting.

Post by slouch » Tue, Feb 26, 2019, 12:07 AM UTC

javagram wrote: post #11

jordz wrote: post #6

Can the SEC really do this given the content of this tweet? Surely they can’t seek approval for every tweet about Tesla? What if he says he’s driving home from “the Tesla factory”. Does this count as a breach if he didn’t seek approval?

Musk and his lawyers agreed to the terms of the settlement. The only reason he had to settle in the first place was because he tweeted false, market-moving information via twitter. Maybe Elon should have considered the consequences then. Why didn’t he just hand over his twitter password to a social media manager and stop tweeting once he lost millions of dollars over the last tweet?

Post by azima » Tue, Feb 26, 2019, 12:08 AM UTC

mjevans wrote: post #26

This is where a software solution might actually help. As an example, I've added some keywords to a script in my IRC client that if they exist the message is stopped by my client. In Elon Musks' case this should be Tesla (and probably some other court mandated muzzles) and should be on their Twitter clients, and other "designated publication channels" that the ruling covers. Why? Because remembering to not do things…

Post by minimaxir » Tue, Feb 26, 2019, 12:09 AM UTC

privateSFacct wrote: post #36

spectramax wrote: post #3

At this point, the board of directors should just demand deletion of his Twitter account. I admire Elon for his vision, and actually also admire his radical style despite of its unpopular image - I watched the video where he smoked pot on the radio show. It was a really amazing conversation about future of humanity. He just needs to stop tweeting. You may say it’s fixing the symptom, but here if we take Twitter away,…

He doesn't need to delete it, but if he is going to post market moving information (like production for 2019 is not 400K but 500K) he'd get the approved by someone else like Tesla's GC.