Speculation: Could be Elon be forced out as CEO?

[Chancellor32]

Moderator note (bmah): Made thread title less clicky-baity. This thread was posted to the Model S forum, I'm finding a more suitable place for it.

Sounds like he could be. Thoughts? Possible? Long term concern if he has to step down?

SEC charges Tesla CEO Elon Musk with fraud

 

[Nilroc]

Probably end up a fine of some sort

 

[xyeahtony]

never going to happen.

 

[BlueBlazer]

A fine for Elon makes sense. Of all the other corruption and other screwed up things going on it would be sad to see them try to get some thing more than that.

 

[TexasTeslaRacing]

SEC wants to prohibit him from acting as an officer or director of any issuer. I don't believe they will get that, but the SEC is going for all actions possible.Perhaps one or two will stick.

 

[Derek Kessler]

Doubtful. He'll pay his fine, hopefully learn an expensive and valuable lesson, and carry on.

 

[Earthpower]

I'm afraid the SEC seems pretty serious about barring Musk from running a public company. I'm very surprised, with this loose regulatory environment, that the SEC would come down so hard on Musk. Apparently, they sued him alone, not Tesla. A commentator on NBR advised that Tesla remove Musk. I prefer to see Musk stay. Unfortunately, Musk did not clarify his Twitter message quickly to avoid misinterpretation. If there is a worst case scenario, surely there are other potential CEOs with the same commitment to electric cars out there. I'm an investor and future M3 owner.

 

[Barklikeadog]

They will come down hard on him to set an example. Social media with regards to securities laws is still in its infancy. it's not like he can deny having a motive to manipulate the price.

 

[Phrixotrichus]

Best outcome would be a fine and Musk finally deleting his twitter account for good......

 

[Lasttoy]

SEC cant get him removed. Court will say doht have standing.

 

[Brettski]

Asking the community here - I’m sure there are attorneys - would it make any sense for the SEC to require “adult supervision” in the way of a COO?

 

[Barklikeadog]

Probably end up a fine of some sort

just like martha stewart?

 

[Earthpower]

That's right, Martha made a comeback!

 

[Takumi]

When's the Suits episode of this coming out?

 

[MXWing]

Joke answer: he could be demoted to “Not a CEO”

Serious answer: He can be chief product officer and I bet business continues as normal.

 

[Derek Kessler]

If anything, that'd probably be a preferable thing for Elon. Let somebody else worry about the money and investors and he just focuses on making awesome stuff.

 

[Chancellor32]

Agreed, I think it’s time for someone to worry about all the financial stuff and he can just focus on the vision and products

 

[cpa]

As I duck for cover, I think that to remove Musk from the day-to-day operations of Tesla might be a good thing over the long run. His style of management is off-putting to a lot of fine individuals.

A side benefit of having an experienced CEO might be that some of the repetitive mistakes that Tesla makes will soon be corrected. Perhaps they will smooth out the delivery processes and customer contact procedures. Perhaps the on again-off again free, limited free, referral-free Supercharging inducements will go away. Perhaps we can speak with a customer support person within five minutes instead of 45 minutes. Perhaps some of the software that was issued with fundamental deficiencies will get a second look and be improved or enhanced. Perhaps Tesla will begin to show some consistency in their policies instead of changing horses many times midstream.

 

[teethdood]

Do you think "Not-a-CEO" Musk would bring a sleeping bag to the factory floor to push M3 production?
Wasn't Musk pals with Trump while sitting on his advisory committee? Trump pardon!

 

[MXWing]

Do you think "Not-a-CEO" Musk would bring a sleeping bag to the factory floor to push M3 production?
Wasn't Musk pals with Trump while sitting on his advisory committee? Trump pardon!

Look at optimistic scenarios. There can be a ceo that would also sleep in a bag next to Musk, probably have higher EQ, make better choices with women or already have a stable family relationship.

Not ducking for cover. I tell it how it is. Always.