New York: Tesla Inc. CEO Elon Musk on Thursday increases criticism of US Securities Regulators, summoning officials of securities commissions and exchanges “b ****** s” because they bring fraud charges against it during the 2018 company private tweets.
On the day he made headlines by revealing the offer of $ 43 billion in cash takeover for the Twitter social media company Inc., Musk aired his complaint to seconds during comments at the TED conference in Vancouver.
Musk, the richest person in the world according to forbes calculations, said funds to take its electric car company actually secured when he posted his tweet, but the agency “still followed public investigations.”
“So I was forced to acknowledge so far unauthorized. B ****** S,” Musk told the audience.
Musk said he was forced to be satisfied with the SEC because the bank threatened to stop providing capital if he did not do it, which would soon go bankrupt.
“So, it’s like having a gun at your child’s head,” Musk said.
“I was forced to admit that I was lying to save Tesla’s life and that was the only reason,” Musk added.
Musk and Tesla each paid $ 20 million in civil fines – and Musk went down when Chairman Tesla – to complete seconds claim that the Musk deceived investors on August 7, 2018, by posting on Twitter that he had personally. The SEC said at that time funding tweets “did not have an actual adequate basis.”
The related approval decision also requires a musk to get pre-permission from Tesla’s lawyer for tweets and other public statements that can be a material for Tesla.
A spokesman for SEC did not immediately respond to a request for comments on Thursday.
Musk rejected the invitation to join the Twitter board last Saturday after revealing the current more than 9% of its shares. He was required to reveal that he holds shares exceeding 5 percent on Twitter and is expected to invite regulatory supervision to lose deadlines to reveal such bets and submit a form of effect.
When launching his Twitter takeover offer, Musk said he did the offer because he believed “it was very important to be there to become an inclusive arena for freedom of speech.” Musk said he believed the Twitter algorithm had to be open-source and suggested the code behind it must be available at GitHub, the Microsoft platform belongs to sharing the code for software development.
Asked whether he had financing to make an agreement, Musk said: “I have enough assets. I can do it if possible.” He does not offer details.
The post “B ***** D”: Elon Musk rebuked the US regulator for the completion of Tesla’s fraud first appeared on Businessely.com.