Elon Musk Reacts To An Old Clip From Lex Fridman's Podcast On What 'Exactly' Is Wrong With SEC: 'The Lawyers Of The SEC Are Not Paid Well'
Portfolio Pulse from Benzinga Neuro
Elon Musk criticized the SEC on Lex Fridman's podcast, highlighting its failure to protect retail investors from hedge funds' market manipulation and short selling. Musk's comments followed the U.S. Supreme Court's rejection of his appeal against a securities fraud settlement with the SEC, related to his 2018 tweet about privatizing Tesla. This criticism comes amid Tesla's stock fluctuations and a recent rally over 15% after a deal with the Chinese government for full self-driving technology.
April 30, 2024 | 12:19 pm
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NEUTRAL IMPACT
Elon Musk's criticism of the SEC and the recent Supreme Court decision may influence Tesla's stock, especially following its recent rally after a significant deal in China.
Musk's comments on the SEC and the Supreme Court's decision could have mixed impacts on Tesla's stock. While criticism of the SEC might raise concerns among investors, the recent positive developments, such as the deal in China, could counterbalance these effects. The net impact on the stock price in the short term is uncertain, hence the neutral score.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 90