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

  • Mr. EP9

    So it was worth getting into trouble with the SEC and being forced to step down as chairman for two years and not being able to reclaim that position for another three years? It was also worth facing the possibility of being barred from running a public company for the rest of your life? I guess anything to get at those awful short sellers, eh Elon?

    • S3XY

      Only a beta male would admit and say it wasn’t worth it publicly. The way Elon replied shows that he does not care and it doesn’t effect him.

      • ➡️ProtectOurHeritage⬅️

        Tesla is $10bn in debt and he’s acting like he’s still off his face on Ambien. That’s not a way to run a business. If he carries on the way he is your laughable hero will be out of Tesla.

  • S3XY

    You really made an article about him sarcastically replying to someone on twitter?

    • Tumbi Mtika

      I know right?

      I get slow news days, but this is unacceptable.

    • ➡️ProtectOurHeritage⬅️

      You moved out of yo momma’s basement yet and bought a Tesla? I thought not. You’re just another deluded fanboy.

  • Tumbi Mtika

    Waiting for Elon Musk to declare himself Iron Man any moment now.

    At that point I’ll know we have officially transcended reality.

  • Christian

    OMFG! Car Scoop… I made that Screen Shoot and posted on your website… Give me at least some credit…

    I made some text on the picture that said something like,.. ” Hits bong. Dude, we should send my car to space”

  • Christian

    Never liked Monty Python’s sketch.. He seems like a “Only two genders” kinda guy…eww

  • Enter Ranting

    I wonder if the upper management at Tesla looks at Elon and thinks that he’s a liability to the company. He sems to be losing his mind. In the meantime, Porsche is setting the table to eat Tesla’s lunch.

  • ➡️ProtectOurHeritage⬅️

    They’ve made a small profit, but they are still $10bn in debt. He’ll thankfully be gone as CEO if he keeps this up.

  • Christian

    YOU SIR! You, use meme to bully us! I don’t have a Superhero cap like Unkel Tom has…Oh, I mean Kanye West…

  • Maybe he’ll be our next president.

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