Elon Musk Photographer: David Paul Morris
Elon Musk Photographer: David Paul Morris

World’s most expensive Tweet? Musk, Tesla to pay $40m – The Wall Street Journal

The SEC filed a lawsuit against Elon Musk for securities fraud over a market-moving tweet in August about possibly taking Tesla private.
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EDINBURGH — Elon Musk has been enjoying taunting Tesla shareholders and the Securities and Exchange Commission on Twitter – but the laugh will be on the other side of his face now that he and Tesla have been ordered to jointly pay $40m to settle a legal dispute with the regulator. The Securities Exchange Commission takes market manipulation seriously and, by sending the South Africa-born entrepreneur to the Naughty Corner, has sent out a clear message to Musk and others that misleading traders and investors is not acceptable. Musk has been amusing himself with Twitter, much like US President Donald Trump has, by releasing controversial Tweets at odd hours. There has been speculation that sleeping tablets that spark bizarre behaviour have got the better of Musk, though it is evident his ego has grown along with his business empire. There are hints that he enjoys recreational drug marijuana, too. – Jackie Cameron

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