If the SEC’s punishment of Elon Musk harms Tesla shareholders, it’s their own fault - News Summed Up

If the SEC’s punishment of Elon Musk harms Tesla shareholders, it’s their own fault


The SEC hasn’t said what punishment it would like to see if Musk is found in contempt of court. That’s where the notion that its hands are tied in pressing for a significant penalty comes from. The underlying notion, obviously, is that Musk and Tesla are so closely identified with each other that the company would crater if he were removed or his authority were significantly constrained. More precisely, its stock would crater because it’s so widely assumed that he’s responsible for Tesla’s success.


Source: Los Angeles Times February 28, 2019 14:15 UTC



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