Elon Musk, the CEO of Tesla and SpaceX, has accused the Securities and Exchange Commission (SEC) of trying to “chill” his free speech.
After Musk issued comments on Twitter back in 2018 that he intended to take Tesla private, The SEC, a federal group slated with the task of maintaining and regulating the public markets, found a middle ground with the billionaire entrepreneur in an attempt to limit his use of social media in direct relation to his companies. Despite this, the SEC has still not taken the time to distribute the $40 million fines it collected to the shareholders and still tries to subpoena Tesla about Musk’s social media presence, as reported in a filing from this past Thursday.
The legal team for Musk put out a statement that said Tesla thought that settling the charges would end the “harassment” of Musk by the SEC, highlighting that “the SEC has broken its promises” and is now “weaponizing the consent decree by using it to try to muzzle and harass Mr. Musk and Tesla.”
“The SEC seems to be targeting Mr. Musk and Tesla for unrelenting investigation largely because Mr. Musk remains an outspoken critic of the government,” explained the filing documents. “The SEC’s outsized efforts seem calculated to chill his exercise of First Amendment rights rather than to enforce generally applicable laws in evenhanded fashion.”
Musk is quite frequently very outspoken about national political issues and is very outspoken about not being a fan of Old Uncle Joe.
While President Biden seems to be very supportive of electric vehicles, especially so when he features both GM and Ford across various events and summits. Despite this, the entire administration has taken to just ignoring Tesla, which holds the title of the world’s biggest electric vehicle manufacturer, because the company will not unionize.
In the wake of an online petition seeking to force Old Uncle Joe to finally acknowledge Tesla finally starting to get a foothold, Musk slammed Biden on Twitter: “For reasons unknown, @potus is unable to say the word ‘Tesla.’”
Musk also went after Biden after the President’s account showed a video clip of himself talking to Mary Barra, the CEO of GM. “I meant it when I said the future was going to be made right here in America. Companies like GM and Ford are building more electric vehicles here at home than ever before.”
Musk exclaimed, “Starts with a T. Ends with an A. ESL in the middle.”
Musk has also been one to sling a little mud at the Biden administration for its “Build Back Better Act.”
“I would say can this bill, don’t pass it. That’s my recommendation,” exclaimed Musk throughout The Wall Street Journal’s CEO Council Summit. “If this bill happens or doesn’t happen, we don’t think about it at all really. Honestly it might be better if the bill doesn’t pass.”
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