Tomorrow headline: DOGE coming to SEC to "improve their efficiency"
He’ll get penalty of 0.0001% of his net worth and will be prohibited from buying any new companies social media companies for next 3 weeks.
Courts ruled rich people paying fines is cruel and unusual.
Oxygen stealer to the core. Muskrat we the people are tired of you and your garbage products. Never will be rectified. 🇺🇸😘
3 weeks. How draconian. I'll give you 1 week and he has to promise, hand on heart, to never do it again.
Or even worse. His Twitter sitter will need to control him again!
This administration works in two week increments only. Please adjust to either two weeks or four weeks (via a two week extension following completion of the original two week period). THANK YOU FOR YOUR ATTENTION TO THIS MATTER.
Looks like EV sales are generally dying. Only a matter of time
From his best orange friend in the White House. Double oxygen stealer.
My heart goes out to you?
He's floating on PayPal and Starlink as his only profitable businesses... He's going upside down on launching Starlink satellites, as they have a very finite lifespan and he needs to constantly launch them at this point... Those FAA fiber optic network improvements would have sunk him...
They think rich people should pay the **same** fines. That's the problem. A $15,000 fine would destroy the average worker living paycheck to paycheck. It isn't even a rounding error for Elon Musk. A mosquito bite has more of an effect on his life. But to a conservative judge, making him pay anything more than a cashier or delivery driver would receive as a fine is unequal treatment - and therefore not fair to poor Elon. Penalties that don't hurt the penalized have zero impact on their future behavior. But to the right, that's a feature rather than a bug.
Will this do literally anything?
Depends on what you mean by “anything”. The SJ motion addresses only liability, not remedies, which would be briefed separately per the SJ motion. This appears to be based on his failure to make a required filing once he passed a 5% ownership stake. I can’t imagine large penalties for that violation.
They will do nothing
SEC claims he earned $150 million by not disclosing his stake. A fine of 3X that would be prudent.
Without Trump's approval, SEC won't have this move. Trump must have made the decision to kick Elon Musk out of his inner circle. Elon Musk spent so much money to make king now those money has no return.
Only Tesla. Most others are skyrocketing
I’d be very happy with that. Doubt it will happen though.
Your honor, we request you tell him he's been a naughty boy, fine him $5 and send him to bed without supper. Signed, The SEC
Byd is slipping even though they're in the lead.
EV sales are up overall. VW is way up.
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