Elon Musk Sends Scathing Message to Tesla Investors

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The CEO of Tesla just demonstrated his iconoclastic leadership skills once more.

He disobeys the regulations frequently imposed on public company executives.

Despite reaching a settlement with the regulator in 2018, the billionaire did not hesitate to reopen the conflict with the U.S. Securities and Exchange Commission (SEC).

The two parties reached an agreement in September 2018 to put an end to an investigation into a tweet from Musk from August 7, 2019, that dropped the value of Tesla shares.

On September 29, 2018, an arrangement was made and made public. Musk had to vacate his position as Tesla's chairman. Musk and Tesla agreed to pay fines totaling $40 million.

Ongoing Tensions with the SEC

Additionally, Tesla consented to having tweets containing important company information pre-approved by the company's legal counsel.

Musk said the old arrangement limited his free speech. The arrangement, he says, has led to "endless, unbounded" SEC probes into his public utterances.

For fear of retaliation from their Board of Directors and a sanction from the markets, very few CEOs would dare to make such a statement.

'I Don't Care About Boosting the Stock'

On September 30 during Tesla AI Day, the tech tycoon displayed a dancing Optimus while making hand gestures and bending his knees.

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