Source: http://www.crazydaysandnights.net

There are those out there that think the celebrity CEO is cool because he sits around and smokes pot and does plenty of other partying with plenty of other substances.

Then, there are investors in a company other than the one he falsely shills for who hate it because his partying loses them huge contracts which are needed to keep the company solvent.

Elon Musk

Tesla

Elon Musk’s Settlement Still on Track Despite Tweet Mocking the SEC

WASHINGTON—Elon Musk remains committed to settling fraud charges with the Securities and Exchange Commission, according to a legal filing, despite recently mocking the case against him.

Mr. Musk’s lawyers and the SEC submitted a joint legal filing Thursday that argues why a federal judge should approve separate settlements with the executive and Tesla Inc., TSLA +9.20% which requires them to pay $20 million each in fines over statements he made on Twitter that regulators said were misleading. U.S. District Judge Alison J. Nathan had asked the two sides to explain why the deal should be approved.

The deal also calls for Mr. Musk to step down as Tesla’s chairman and for the company to add two new independent directors.

Mr. Musk risked reigniting his battle with securities regulators last Thursday when he appeared to ridicule the SEC, suggesting it was enriching investors betting against the electric-car maker. “Just want to [say] that the Shortseller Enrichment Commission is doing incredible work,” Mr. Musk tweeted on Oct. 4. “And the name change is so on point!”

Mr. Musk also “liked” a response on Twitter that said in part: “Judge should dismiss this frivolous attack and shame the SEC.” – Source

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