‘I Am Now the Nothing of Tesla.’ Elon Musk Returns to Twitter to Offer His Newest Theory of Corporate Governance
Elon Musk signed off Twitter for a few days Saturday — did you miss his tweets terribly? But the Tesla (TSLA) founder got back on the blue birdie Monday night and was quick to stir up some new controversy:
Followers pointed out that becoming the “Nothing of Tesla” could cause some more regulatory headaches, and so Musk changed his mind:
It was just a month ago that Tesla and Musk came to a settlement with the Securities and Exchange Commission after an investigation into tweets Musk wrote in August about taking Tesla private. The SEC at first sued Musk before reaching a settlement that required Musk and Tesla to each pay $20 million in fines. It also required that he step down as chairman for three years and that Tesla add two new independent directors and establish a system to oversee Mr. Musk’s communications, the Wall Street Journal reports.
WSJ says Musk’s tweets Monday referred to the recent deletion of his and two other executives’ titles on the management page of Tesla’s website. The company hasn’t explained the changes.