The latest mess up in a string of blunders that the New York Times recently called Elon Musk's " No Good, Very Bad Year" is the result of one fateful tweet.
The Security and Exchange Commission sued Musk for making
"false and misleading" statements to investors. It turned out Musk had not actually secured the funding mentioned in the Tweet. The SEC elaborated, "In truth and in fact, Musk had not even discussed, much less confirmed, key deal terms, including price, with any potential funding source." People on Pinterest probably didn't realize when they re-pinned Musk's inspirational quote, "Brand is just a perception, and perception will match reality over time," what Musk meant by that was: "Just lie."
While the flamethrower-making, weed-smoking entrepreneur is popular among a generation of people desperate for a role model as uncomfortable with human contact as they are, Musk's online bluff didn't go over well with investors. The SEC claims that the Tweet and subsequent tweets from Musk over the next several hours caused "significant confusion and disruption in the market for Tesla's stock." After Musk's tweet, Tesla's stock shot up nearly 9% but then dropped more than 11% in after-hours trading Thursday.
As a result of the complaint, the Iron Man-wanna-be agreed Saturday to step down as chairman of Tesla and pay a $20 million fine to settle the charges. According to CNN, once the settlement is approved in courts, "Musk will be allowed to stay as CEO but must leave his role as chairman of the board within 45 days. He cannot seek reelection for three years, according to court filings."
Whether the now infamous August 7th Tweet was a poorly executed PR move, Musk had a secret source of funding for privatizing the company, or the technicians at Tesla just forgot to update his software and caused him to glitch, Musk has denied any wrongdoing on his part. He responded to the complaint in a statement saying, "This unjustified action by the SEC leaves me deeply saddened and disappointed, I have always taken action in the best interests of truth, transparency and investors. Integrity is the most important value in my life and the facts will show I never compromised this in any way." We can only assume the transparency he refers to is that which he exhibited in a May 2018 conference call, when he called an analyst's inquiry about Tesla's finances a "boring bonehead question" and refused to answer.
To add further interest to the disintegration of America's favorite Robot with feelings, rapper Azealia Banks is now claiming that Musk was on acid at the time of the Tweet. She stated, in the best series of quotes to ever grace the internet, "I waited around all weekend while grimes coddled her boyfriend for being too stupid to know not to go on twitter on acid," Banks wrote, concluding that, "it was probably some weird threesome sex shit to begin with."
This writer would be shirking her journalistic responsibility to the truth if she didn't include that Banks said of Musk, "He's not cute at all in person." Musk has denied that he was on drugs at the time of the Tweet and would probably want to add that he is actually very handsome - and he's definitely cool enough to take acid if he felt like it.
Perhaps Musk's recently self-diagnosed " severe emotional pain" is to blame for his string of strange behaviors. After reading any of Musk's recent interviews in which he seems to be actively spiraling - even once asking the interviewer, "Is there anybody you think I should date?"- it can be easy to feel bad for him. But, when the pity starts to creep in, just remember: he recently bought his fifth multi-million dollar home within a one mile radius of his four other multi-million dollar homes; he goes on Trump-style "fake news" Twitter rants anytime anything negative is written about him or his companies; his girlfriend creepily wore a collar shaped like the Tesla logo to the Met ball; and he unjustly called one of the divers that rescued the trapped Thai soccer team a pedophile. So save your sympathy for, well, literally anyone else.
Brooke Ivey Johnson is a Brooklyn based writer, playwright, and human woman. To read more of her work visit her blog or follow her twitter @BrookeIJohnson.
- SEC settlement forces Tesla to give Elon Musk adult supervision ... ›
- Elon Musk and Tesla reach a Settlement with the SEC - The Atlantic ›
- SEC settles with Elon Musk: legal experts react - Business Insider ›
- Elon Musk Settled With the S.E.C., but Tesla's Troubles Aren't Over ... ›
- Elon Musk agrees to resign as Tesla chairman in settlement with SEC ›
- Elon Musk's SEC Settlement Could Have Gone So Much Worse ... ›
