Yesterday’s settlement with the SEC was a big win for Tesla and Elon Musk. By all rights he should have been banned for life. Anyone who doesn’t think that the government is now clearly in the bag for Tesla and Musk should read this tweet from none other than Newt Gingrich.
Elon has friends in high places. Now, with the government clearly signaling that no act by Tesla or Musk can be too egregious, Tesla has reached Too Big To Fail.
I sort of see the point. Tesla is an American company leading the charge in a burgeoning industry. However, by publicly condoning these shenanigans we become more like China and Europe and Russia.
To wit - the rule of law doesn’t matter if you’re one of us.