Tesla Faces U.S. Criminal Probe Over Musk Statements
The sad piece of karma in all of this is that Musk tweeted in an effort to destroy the shorts.<p>His tweet turned out to:<p>- give the shorts a big dip in his stock,<p>- an investigation by the SEC<p>- an investigation by the DOJ<p>- the backing off of a deep pocketed investor in the Saudis<p>- Him potentially being personally liable, which would mean having to step away from SpaceX and Tesla if he was found guilty of fraud.<p>This could be the biggest thing to come out of all of this.  Imagine Elon getting a 2 year ban on begin an executive in a company.  Or SpaceX not being able to bid on government contracts because their CEO is a felon.<p>There is going to be a lot of backroom dealing to do everything they can to prevent Elon from being charged.<p>- A lawsuit that is seeking class action status for anyone who was short at the time of his tweet.<p>- this is speculation, but it must have really strained his relationship with the board.  I mean you can only fight so many battles at once, you&#x27;d think you&#x27;d want to have the board on your side<p>All to screw with the shorts, who really have no power what-so ever to hinder Telsa.  If he had just not used twitter he and Tesla would be better off and the shorts would be worse off.