Tesla's Elon Musk Makes Big Money Due To SEC Funding Secured Agreement

[TMC Staff]

It’s pretty ironic that the SEC’s punishment ended up indirectly generating over $50 million for Musk. If you follow the EV segment, and especially Tesla, you probably know all about the “420” situation, or should we say “funding secured”? Just in case it doesn’t ring a bell, we’ll briefly explain. Basically, back in August 2018,...
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[EV forever]

Now that's what I would call "Good Karma"!

 

[garrett5688]

Maybe he’s just crazy enough that this was orchestrated from the start

 

[dm28997]

Now his 20 mil is now worth about 110 mil. A man with vision doing the right thing gets rewarded. I'm happy to see that as it gives me more faith in humanity.

 

[CyberShy]

They made him buy stock to punish him? That’s kind of lame.
But good for musk. He could sell the stock, and give the difference to those more needy than he.

 

[dm28997]

Not true. He paid an extra 20 million for Tesla besides his fine to the SEC.

 

[CyberShy]

So he shelled out $40 million?

If we all bought the equivalent of Tesla stock when we bought our Teslas, we’d be doing good, too.