SEC Sues Musk and Seeks Ban for His Tweets on Go-Private Deal
A short while ago (per my comment history), I asked whether Elon Musk should remain as CEO of Tesla.<p>I think, for my part, the answer is clearly no. He might be brilliant, he has undeniably had a hand in creating something awesome with Tesla and SpaceX&#x27;s technology, but he&#x27;s now a danger to the very thing he helped build. This is just <i>one</i> of the lawsuits filed against him or Tesla in recent weeks that have him as the primary cause. I want Tesla&#x27;s mission to be achieved, I want them to succeed, and to me, Elon Musk is one of the biggest stumbling blocks in their way now.<p>Where does the buck stop? In my opinion, with Tesla&#x27;s board, and Elon&#x27;s ouster as CEO.<p>Edit: Worth noting that Elon&#x27;s removal as CEO is one of the remedies the SEC seeks as well, and could thus be part of any settlement. (I&#x27;m not knowledgeable enough to handicap how likely that is.)<p>Another edit: Tesla has no D&amp;O insurance, and therefore might be liable for whatever misconduct Elon is found to have done. That&#x27;s a pretty big deal, and also a bad move on Tesla&#x27;s part in not insuring against their (known quantity loose cannon) CEO. See <a href="https:&#x2F;&#x2F;www.dandodiary.com&#x2F;2018&#x2F;08&#x2F;articles&#x2F;securities-litigation&#x2F;tesla-investors-file-securities-suits-elon-musks-take-private-tweets&#x2F;" rel="nofollow">https:&#x2F;&#x2F;www.dandodiary.com&#x2F;2018&#x2F;08&#x2F;articles&#x2F;securities-litig...</a>