Operation Musk sells $5 billion worth of Tesla stock
Podcast 'Warming Up Engines': Musk's attack on Biden
A
new episode in the fight between the United States Securities and Exchange Commission (SEC) and the owner of Tesla
, the controversial
Elon Musk
, comes to light .
Or rather another of his battles, because not even the president of the United States,
Joe Biden
, has been spared from his insults on social networks.
A few days ago
he called him a "puppet"
, angry that Biden had visited the
Ford
and
General Motors
companies that he invested as "the electric future" of the United States without citing Tesla.
Musk adds problems for not having warned that some of his vehicles could catch fire or for the cases of abuse that have already cost him
large compensation, such as the one that an African American, Owen Díaz, won and received 137 million dollars for racism
.
There were other convictions for the same thing and new accusations have been filed in California courts, also for sexual abuse.
breach of covenant
On Monday, the electric car company acknowledged that it
had received a new subpoena from the SEC in November
, which wanted to check
whether Musk had complied with the 2018 deal
.
A commitment that came after a tweet from the head of Tesla in which he proposed the
privatization of the company "at $420. Financing assured
. "
Wall Street shook those days and the SEC considered that he was committing a
commercial fraud
.
In fact, the question that the SEC will ask him could be called tricky, because
in that commitment it was established that the illustrious tycoon would not comment on his Twitter account anything related to the actions
and financing of Tesla and that in any case his comments They would be
supervised by a lawyer
.
About 10 days before this new summons from the Commission to Elon Musk, he had launched a survey on Twitter among his
73 million followers
.
He asked them if he should sell 10% of his Tesla shares (then it would be worth about $1.8 billion).
"Seller Enrichment Commission"
That tweet, to which
58% of those surveyed responded affirmatively
, generated a chain of swings in which the most benefited was Musk.
At first
, Tesla shares plunged 5%
with the sell-off in shares.
The 2018 deal would have surely prevented Tesla from being suspended from the stock market
.
After his protests, the tycoon was forced to sign the truce, but from there to fulfilling the terms of the agreement there are a few fringes.
He did
pay 20 million euros and resigned from the presidency of Tesla for three years.
But silencing Musk was the hardest part
.
Elon Musk uses the social network to inform about everything that interests him, as the previous president of the United States did.
And he doesn't beat around the bush.
"I just want the Short Sellers Enrichment Commission to be doing an amazing job. And the name change is so on point!"
, he wrote.
On the other hand, Tesla stated last Monday that the fair market value of its
bitcoin holdings was 1,990 million dollars as of December 31
and that it registered losses of 101 million dollars due to the decrease in the value of the virtual currency.
Media and unions
Musk doesn't like journalists either.
And he was angry that the Washington Post published the SEC's new subpoena of Tesla and
the California investigation into "racial discrimination and abuse"
of the car company.
"Why is the 'mainstream' media such an unrelenting source of hate?
It's a real question," he tweeted.
The magnate also does not get along with the powerful United Auto Workers (UAW) union, close to Biden.
In March, the National Labor Relations Board
ordered Musk to remove a tweet
that said Tesla workers could lose stock options if they voted to join the UAW.
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