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Elon Musk tweets that SEC "hacked". What would Tesla need to do with him?
Now he is struggling again with the Securities and Exchange Commission, which could try to get rid of his position in Tesla. October. Musk tweeted last week that Tesla would have built 500,000 cars this year. This was wrong: Tesla  (19459006) TSLA ) said that he would produce only about 400,000 cars a year. Musk did not get Tesla's approval to send his tweet. This violates the agreement, according to SEC.
The regulator did not specify which punishment he would seek if he was found in contempt, but earlier he sought to eliminate Mask as general director. Last year, Musk falsely wrote a tweet that he received funding to take a private company. In October, the SEC allowed Musko to keep his job as CEO, but he agreed to abandon the post of chairman of the board. He also needed to obtain prior approval from Tesla's laywers of social media reports about company information that "material" to investors.
The decision to eliminate Musk as CEO does not rest with the SEC; it will be up to the judge. Or, Tesla's board may decide to pull out the plug on the musk if he decides that he has enough. Tesla's electric car is under construction. But it is also the driving force behind Tesla's volatility and turns the door of the company's top talent manager. . Last year, Chief Accountant Tesla stayed after less than a month of work after his "secured funding" tweet. The company also lost its leading engineers
. He continued to tweet about his hostility to the SEC after filing a lawsuit, saying "Something has been violated by SEC supervision."
Even the Tesla bulls begin to shake their heads. it's better without Musk coming back, "said tech analyst Jean Munster, managing partner at Loup Ventures, in a blog post.
"Behavior of Muska remains negligent," wrote Münster. "In this case, the tweet was not so carefree as disrespect to the process that he agreed to in the October settlement." well isolated from throwing away from your own company. He picked up the board, including his brother, billionaire Larry Ellison and the new head of the company.
Representative Tesla refused to comment.
A blended bag for Tesla
said that the company has reasons to consider the new CEO.
If the muscle leaves, Tesla is easier to recruit and maintain the top management team. This will reduce the volatility of the stock. Tesla stocks fell 3% on Tuesday.
In a note to investors, analysts Wedbush Daniel Aves said that he "remains" concerned about this issue, being another outrage for Musk & Co. The probability of this news is unnecessary. "
Musk's auctions distract the company. How many hours he spends on Tesla, sometimes sleeping at a factory, he has two more companies, which he also leads ̵
1; SpaceX and the Boring Company.
But Münster believes, that the muscle is indispensable.This staying with Tesla would be purely positive for the company.This vision of the product, the focus on the pace of innovation and the provision of superb customer experience is not easy to reproduce.
Implementation of this view is often not answered Tesla is famous for missing terms and targets and last week Consumer Reports, which loved its cars during road tests by its employees, again deprived one of its cars, model 3, of its "recommended" rating due to reliability issues and which is reported by the owners of Tesla 19659004] Nevertheless, the current owners of Tesla are the biggest fans of Muska. Consumer Reports says that despite service problems, customers are more satisfied with their purchase than owners of any other car brand. Customers treat Muska as a rock star. This is one of the reasons why the question of whether Musk will stay or will be so important.