by Karl Denninger, Market Ticker:
Musk has been sued by the SEC, asking for a permanent bar on him being a director or officer of a public company.
Needless to say, that would include Tesla.
To those who said that Musk’s “420” tweets were of no importance, or wouldn’t lead to serious enforcement action — how’s that prediction looking roughly about now? And further, while you have to assume there is some settlement effort being made it appears, from reporting, that Musk has already refused a settlement offer.