Summary
The SEC has sued Elon Musk, alleging he failed to disclose a timely 5% Twitter stake in 2022, allowing him to buy additional shares at “artificially low prices,” underpaying by $150M.
Musk disclosed his stake 11 days late, after purchasing over $500M in shares, leading Twitter’s stock to surge 27%.
Musk’s lawyer called the case baseless, accusing the SEC of harassment.
This follows prior SEC investigations into Musk for alleged securities fraud and insider trading related to Tesla stock sales.
Musk denies any wrongdoing.
The SEC you say?
Alright folks, place your bets! Place your bets now and win internet points later if you have the gift of foresight!
( A ) Elon gets off completely free because the law doesn’t apply to people with his kind of money.
( B ) Elon gets a slap on the wrist because the law “technically” applies to people with his kind of money, but not really.
( C ) Trump shuts the case down because he doesn’t want his sugar daddy “buddy” Elon to get in trouble.
( D ) The SEC throws the book at him and Elon gets the maximum sentence, because Trump is fucking sick of the “President Musk” jokes.
( E ) Trump pardons Elon after a $500 million bribe.
And I mean bribe, like it would normally be illegal. But since he’s a Republican president, it’s perfectly legal
It will be a called a “donation” or Tesla will spend the money on lobbying.
Why? Trump has been told that he can do anything. Bribery is like peanuts to this guy.
I’m betting he will straight up murder someone within his first year. Like directly. Not figuratively. Not through some sort of executive action.
First degree murder.
And every Republican will refuse to impeach him.
Ha! How is failing to follow the rules of the market “baseless”?! This is insider trading. He should have filed a disclosure immediately after passing the 5% threshold
baseless? There are specific disclosure rules he broke.
It’s okay, our new government department DOGE will tell the SEC it was more efficient
