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The SEC has asked a judge to hold Elon Musk in contempt for violating its order that all of his tweets would be reviewed by a lawyer. Musk tweeted last week that the company would manufacture 500k cars in 2019, a far cry from official Tesla predictions. Musk later clarified his point ... but it was too late. 

According to the fun police at the Securities and Exchange Commission, just days after the tweet, Tesla’s legal team confirmed that the message itself had not been reviewed, but the follow-up tweet correcting the mistake had.

It was initially believed that Elon's follow up to "funding secured" had flown under the radar and that the SEC hadn’t taken much interest in the slip-up, but apparently, you get a little less leeway from agencies that you regularly disparage. 

Is that bad?

This is bad news all around. Musk, Tesla, and investors all stand to lose. Tesla shares plummeted 5% on the news after-hours and Musk, who narrowly avoided being ousted as CEO of the EV company for prior social media faux pas could have a lot more time on his hands to bore tunnels under LA or do whatever the hell it is that Neuralink does.

Elon Musk might be held in contempt of court over a Tesla tweet  [The Verge]


- Bank of America has plans to rebrand Merrill Lynch and US Trust

- GE is selling its biopharma biz

- Facebook's content moderators are having sex and doing drugs at work

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By Heisenberg Media (Flickr: Elon Musk - The Summit 2013) [CC BY 2.0], via Wikimedia Commons

Opening Bell 4.23.19

If a Boring Company tunnel collapsed Elon could complete the trifecta ...

Elon Musk Smoking

Opening Bell 10.3.19

"It could be worse." - Elon Musk

Elon SEC

Opening Bell 5.13.19

Lots of SEC computers Googling “Tesla porn” on Friday ...

Screen Shot 2019-03-08 at 9.16.04 AM

Opening Bell 3.8.19

Martin Shkreli and Bernie Madoff out here living their best lives ...

Elon Musk Smoking

Opening Bell 11.25.19

Elon Musk is trolling all of us ...

Jim Cramer Weeps

Opening Bell 4.25.19

Jim Cramer calling Elon Musk 'P.T. Musk' is like Nickelback calling Creed 'talentless hacks.'

Tim Sloan (Wells Fargo)

Opening Bell 3.13.19

"Hi, my name is Tim and I am a lying sack of sh*t."