7/13/2023 0 Comments Twitter elon musk bitcoin![]() The Tesla CEO and his brother are now under investigation for insider trading relating to whether Musk told his brother in advance that he would tweet the poll. Musk again ran into SEC troubles when in 2021 he tweeted a poll about whether to sell his stock and proceeded to do just that. Musk, unsurprisingly, has not abided by those conditions, flippantly wiping $14bn off Tesla’s value in 2020 with a tweet stating that “Tesla stock price is too high”. Part of that 2018 settlement included a clause that Musk would have legal counsel approve tweets about Tesla in advance to ensure they do not contain market-moving news. (Musk maintains that the joke was “worth it”). The penalty marked a “warning for all those who make public pronouncements without regard for either the accuracy or impact of their words”. ![]() But the Securities and Exchange Commission (SEC) concluded after investigation the tweets had no basis in fact and hurt investors, issuing two separate fines to Musk and Tesla of $20m. In August 2018, he posted that he had funding to take Tesla private at $420 a share – a joking reference to marijuana. ![]() Musk’s activity has in some cases cost him dearly. Here are some notable moments in Musk’s Twitter history. The executive has faced backlash – and in some case legal action – for his activity online. A prolific user, Musk has 84 million followers on his account – with whom he shares memes, news about his electric vehicle company, Tesla, and, like the majority of Twitter users, pithy commentary on his day-to-day life.īut Musk’s tweets are not all fun and games. ![]()
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