SEC reportedly probing Elon Musk tweet

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B. Riley FBR Chief Market Strategist Art Hogan on the fallout from Tesla CEO Elon Musk's tweet saying he is considering taking the company private.
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I fail to see how it is illegal to announce your plans to stockholders and to the world, unless the govt can prove Elon's intentions to be a lie meant to affect his stock price. If he DOES have funding already in place with the intention to buy back shares at the stated value, then his Tweet is merely an informal announcement of a pending official offer.

AndTheCorrectAnswerIs
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Well, he's an unorthodox CEO probably for a good reason: the capitalist dictatorial system we admire so much may not work on the long run. Change is needed. Or we all die.

emeseszorenyi
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Elon Musk: His own worst enemy.
Tesla would be better off without him now- he's trying to do too many things at once & this just looks like he's trying to crawl back to the markets that he's continually pissed off by acting like a complete knob over these last years.

Kangaroos_News