Elon Musk insulted the Securities and Exchange Commission days after settling a fraud lawsuit brought by the USA agency, potentially imperiling a deal that allows him to remain Tesla Inc.'s chief executive officer.
Tesla and Musk have agreed to pay $20 million each to the regulator under a settlement for a securities fraud lawsuit related to Musk's August 7 tweet about taking the electric carmaker private, in which he said he had funding "secured".
"Elon Musk, I don't give a f**k who's over at his house, leave that man the f**k alone", West yelled while standing on a table. "And the name change is so on point!" he said on Twitter.
Einhorn spent quite some time in his letter insulting the "despondent" Musk and allegedly doomed Tesla. Both Tesla and the SEC declined to comment.
The Wall Street consensus for Tesla shares has fallen to $291, from above $300, in recent weeks amid the fallout from the Securities and Exchange Commission's lawsuit against Musk and its subsequent settlement.
Though Musk and Tesla settled the suit with the SEC, some investors might worry Musk's actions on Thursday could still threaten the settlement. Tesla also had to pay a $20m fine, despite not accepting charges.
The settlement, which still must be approved by a federal judge, includes a provision meant to rein in the Tesla chief's much-criticized use of Twitter.
Elon Musk Tweet Appears to Mock the Securities and Exchange Commission
However, the next day, Tesla's attorneys were back at the SEC requesting them for a second chance, this time with Musk's "grudging approval", the paper said.
One such judge was Jed Rakoff, a colleague of Nathan's who objected to the SEC policy of letting some corporate defendants settle without admitting or denying wrongdoing, as Musk did.
The lawsuit threatened Tesla and Musk with a long fight that could have undermined the company's operations and ability to raise capital.
Updated at 5:25 p.m. PT with Musk's tweet about short sellers.
Separately, the Wall Street Journal said billionaire businessman Mark Cuban talked with Musk for 15 minutes and convinced him to take the deal.
Tesla's board has already been under fire for being too deferential to Musk.
Murdoch, who owns roughly 10,000 shares of Tesla also serves on the boards of Sky, TrueX Media, 21st Century Fox, New Corp, and Yankee Global Enterprises, as well as a handful of arts organizations, according to Bloomberg data. And their hope is founded, given the fact that Musk, having also been ordered by the SEC to have his public comments overseen by more stock market-savvy individuals, hasn't stopped mocking their kind.