Elon Musk has done it again. The billionaire boss of Tesla took a dig at the US regulator again when he said during an interview: “I do not respect the SEC – I do not respect them.”
Watch the clip here:
Elon Musk—while fighting off tears—says that Tesla can't review his tweets because of "the First Amendment" and that he does not respect the Securities and Exchange Commission, which fined him and Tesla $40 million earlier this year.pic.twitter.com/hNH2UK6TmI
— jordan (@JordanUhl) December 10, 2018
The sensational interview comes just days after the Securities and Exchange Commission (SEC) slapped a $20m penalty on Musk and forced him to step down as chairman after he tweeted that he planned to take the company private.
In the interview with CBS’ 60 Minutes, Musk also said that that no-one is pre-approving his tweets. “The only tweets that would have to be, say, reviewed would be if a tweet had a probability of causing a movement in the stock,” he said. “Otherwise it’s ‘Hello, First Amendment’.”
A Tesla spokesperson, however, clarified in a statement that it “can confirm the settlement is being complied with.”
“This includes having a policy (which technically needs to be in place by December 28) that requires pre-approval of any communications that reasonably could contain material information,” the spokesperson added.