Elon Musk Says Take-Tesla Private Tweet Was Totally Worth The $20 Million Fine

Elon Musk appears to have bizarrely claimed that tweeting about potential taking Tesla private was “worth it” for the likes.

While letting his thoughts flow in his latest stint on Twitter, Musk pointed out that the like-ratio of tweets is much worse than it is for posts published on Instagram. Quizzed about his tweet of Tesla going private at $420 a share (or 20 percent over the stock’s price at the time) and its like-ratio, Musk didn’t appear to have a care in the world about the fine.

For the uninitiated, the “$420” was a reference to marijuana, something Musk claimed would make his girlfriend laugh.

Musk went on to say that he will purchase $20 million in additional Tesla stock to effectively offset the fine.

Elon Musk does what he wants. Don’t like it? Too bad.

Not only is it a little weird for a successful billionaire like Musk to simply shake off an eight-figure fine, it’s a little odd that even he cares about how many likes his Instagram and Twitter posts receive.

A federal judge approved the settlement between the Tesla chief executive and the Securities and Exchange Commission a couple of weeks ago. Not only has Musk been fined $20 million for his tweet, Tesla itself will also have to pay a $20 million fine. Additionally, Musk will be required to relinquish his role as Tesla chairman for at least three years within 45 days of the settlement.

Interestingly, the settlement also requires Tesla to closely watch the communications of Musk with investors, including his use of Twitter. Despite this, these latest tweets show that Musk is unlikely to let his punishments dissuade him from using the social media platform.

Opening image: Screen shot from last year’s Joe Rogan Experience podcast where Musk seemingly smoked marijuana

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