there are a bunch of people replying to elon musk begging him to stop tweeting because every time he does, they lose all their money. pic.twitter.com/uKfmlZmBbS
— mmmmm, breens ?♂️ (@isaiah_kb) October 4, 2018
I know, I know, but still…
Per Ars Technica, “Elon Musk isn’t on his Twitter leash yet, so he’s taunting the SEC”.
Per the staid BBC:
Elon Musk has mocked a US financial regulator just days after reaching an agreement with it over fraud charges.
The Tesla boss tweeted the “Shortseller Enrichment Commission”, as he dubbed the Securities and Exchange Commission (SEC), was doing “incredible work”.
Last weekend Mr Musk agreed to step down as Tesla Chairman and pay a $20m (£15m) fine over tweets that he had funding to take Tesla private.
The deal followed the SEC’s decision to sue him for alleged securities fraud.
The SEC declined to comment on Mr Musk’s latest tweet…
The BBC’s North America technology reporter Dave Lee said many people had expected Mr Musk would “rein in his Twitter habit”.
Shares in Tesla closed down 4.4%, and fell further in after hours trading following Mr Musk’s tweet.
Also on Thursday, District Judge Alison Nathan in Manhattan gave Mr Musk and the SEC until 11 October to explain why the deal they had struck was fair and reasonable and would not hurt the public interest.
TOTALLY NOT A CULT!!!
I believe one day we are going to recognize @elonmusk as the greatest inventor of our times.
— Harmindar Singh (@SinghHarmindar) September 29, 2018
The $20 mil dollar tweet. Reading comprehension bro.
— Thomas (@ThomasDemichele) September 29, 2018
Nick Bilton, at Vanity Fair, ““Musk Is Someone Who Loves Attention”: Elon Musk Isn’t Henry Ford, He’s Kanye West”:
…At Tesla, there are three common themes among current and former employees I’ve spoken to about Musk. First, many truly believe that Musk is brilliant—a technical genius, a Renaissance man like Einstein or Teddy Roosevelt, who can solve massive problems almost extemporaneously. Second, many people seem to agree that Musk is also incredibly erratic. The employees who love Musk (and there are plenty), say this is just part of his brilliance. He is a mad scientist who is a little too electrified himself, prone to arrogance and egomania. Then there’s the third theme, which happens to be the most pervasive. There isn’t a single person that I’ve ever spoken with who works with, or has worked with, Musk, who doesn’t wish that he would just stop using Twitter. There have been almost half a dozen high-level employees at Tesla who have always cringed when Musk withdrew his phone and started tapping out 140- and 280-character missives without any control or oversight.
The integral part of Tesla’s settlement with the S.E.C. may assuage these concerns. As the settlement specifically notes, Tesla must “implement mandatory procedures and controls to oversee all of Elon Musk’s communications regarding the Company made in any format.” And any format means Twitter. This single stipulation might end up being the company’s biggest saving grace, and could even help end the mass exodus of executives over the past year.
rom the outside looking in, it appears that Musk is the kind of person who doesn’t like losing, or being told what to do… But there’s also another theory about why Musk acts out. One that a former Tesla investor told me was why he pulled out of the company: he thinks Musk is more concerned with being famous than with building a successful business that stands the test of time, like Ford or General Motors. “In a similar way to Trump, Musk is someone who loves attention. They are the kind of people who love to be famous,” the investor said. In his mind, “Musk smoked that joint on Joe Rogan to create a buzz. All publicity is good publicity, and the only thing he’s scared of the most is when you’re not talking about him.”
Musk isn’t Henry Ford, this person contended; he’s Kanye West, a star addicted to his own stardom who pulls the indecent levers of social media to amplify his audience and stroke his ego—someone who will “do or say anything to the detriment of their lives, their companies, and the rest of us, as long as people are talking about them.” Ironically, as I type these words, it’s still working. As someone joked (I think it was a joke) on Twitter, “That tweet cost him approximately $327,868 per character.” One could say that’s a lot of money for a lot of nothing, but for Musk it was the cost of doing business to purchase a news cycle. “Musk’s erratic behavior isn’t going away because the attention he receives when he acts out isn’t going to go away,” a former investor told me…