Elon Musk States He’s “Building A Case Against The SEC”
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February 24, 2022 2:01 am
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CEO of Tesla and the arguably most well-liked billionaire has made a statement that has lit up social media.
Musk stated in a tweet that he’s currently building a case against the SEC.
The CEO of Space X and Tesla would go on to say that he will finish the SEC once and for all.
Musk has previously had several run-ins with the SEC and in 2018 musk called out the SEC for allegedly shorting the Tesla.
Building a case is exactly what I’ve been doing
— Elon Musk (@elonmusk) February 23, 2022
I didn’t start the fight, but I will finish it.
— Elon Musk (@elonmusk) February 23, 2022
Electrek had more on the story:
Elon Musk is ramping up his fight with the SEC saying that he has been “building a case” against the agency and that he “didn’t start the fight,” but he “will finish it.”
Tesla is stuck in the crossfire. The situation between the SEC, Elon Musk, and Tesla appears to be escalating after a lawyer for Musk reached out to the court with some serious allegations about some kind of vendetta that they claim the Security and Exchange Commission has against them.
Musk and the SEC have had a few run-ins with each other, rarely with a good outcome. Most famously, the SEC filed a lawsuit against Musk over his infamous “funding secured” comment regarding his failed attempt to take Tesla private back in 2018.
Musk went on a campaign against the SEC, calling them names and claiming that they were working for people shorting the electric automaker. But ultimately, Tesla and Musk ended up reaching a settlement with the SEC.
As part of the settlement, Musk agreed to step down from the role of chairman of the board, and both Tesla and Musk had to each pay $20 million in fines.
"I do not respect the SEC, I do not respect them. I respect the justice system" — @elonmusk pic.twitter.com/OyfRxa2lkk
— Pranay Pathole (@PPathole) February 24, 2022
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