
Elon Musk is potentially facing a new investigation by the Securities and Exchange Commission (SEC) for civil fraud, according to a report by the Wall Street Journal. The SEC's investigation could lead to a lawsuit seeking to bar Musk from serving as an officer or director (D&O bar) of any public company. Despite the seriousness of these allegations, Tesla's stock rose by 4.20%, indicating that the market does not perceive the SEC's actions as a significant threat to Musk or Tesla.
$TSLA up 4.20% on the news that Elon might be barred as being an officer / director. The market doesn't take this news flow seriously because it knows the SEC has no teeth. $TSLAQ https://t.co/fTNuP3jRfd
Will the SEC seek a D&O bar against Musk? https://t.co/SpmUWjWZaW
How The SEC's Latest Elon Musk Investigation Could Hit Tesla https://t.co/SYru5nNoii




