Elon Musk still wants out of his SEC settlement and is appealing the latest ruling
VergeDEC 2022
The Spin
Narrative A
More oversight of Musk is good for Tesla and protects shareholders, potential investors, and the public from being misled and defrauded by his careless tweets. Musk’s settlement with the SEC was the best option for him - otherwise, he could have been stripped of his role as Tesla's CEO.
Narrative B
With the SEC paying such close attention to Musk, one can't help but wonder why the Commission doesn't handle more pressing issues, like the increasing number of publicly traded "blank-check" companies. The SEC is hypocritically targeting a high-profile and influential figure and assaulting freedom of speech.