Elon Musk must like giving money away.
It was not so long ago that he was fined $20 million by the Securities and Exchange Commission (SEC) for tweeting that he had “funding secured” to take Tesla private for $420 a share – a weed reference.
The funding hadn’t been secured, but Tesla’s stock price skyrocketed as a result of his tweet.
The SEC cracked down on the securities fraud case, ruling that Musk can’t be the chairman of his own company anymore and that his tweets need to be pre-approved by Tesla lawyers.