The CEO of the electric vehicle maker (TSLA) fired off a tweet Thursday afternoon in an apparent snub of the Securities and Exchange Commission, referring to the agency as the "Shortseller Enrichment Commission". "And the name change is so on point!"
His distaste for short sellers was viewed as a key reason why he briefly proposed taking Tesla private - a short-lived plan that he revealed on Twitter despite, the SEC said, not having lined up the funding he claimed to have gotten for the deal.
It's also worth noting that, just three minutes after Musk's tweet, Tesla stock prices fell by another 2%.
The settlement agreements Musk and Tesla reached with the Securities and Exchange Commission don't include any kind of bar on Musk's continued service as a director of the auto company.
Sources with knowledge of the matter tell FOX Business SEC regulators are in a bind - they don't want to punish shareholders of Tesla by coming down on the publicly traded company too hard - but it's painful to countenance Musk's blatant flouting of the rules.
But Musk and Tesla might not even be out of the woods yet.
White US cop convicted of murder of black teen
The Chicago Police Department had also begun making plans to react quickly if riots broke out upon a not guilty verdict. Van Dyke also was found guilty of all 16 counts of aggravated battery for shooting McDonald 16 times October 20, 2014.
Amy Schumer Arrested at Kavanaugh Protest
Barrett Prettyman Federal Courthouse in Washington , D.C., were a number of stars, including Amy Schumer and Emily Ratajkowski . I'm here with your mum, she loves you very much - I think we're gonna get arrested", Schumer says in the video.
President Trump mocks Christine Blasey Ford’s testimony
The two committee Democrats who did not sign the letter were Senators Chris Coons of DE and Amy Klobuchar of Minnesota. Trump on Friday ordered a one-week probe by the Federal Bureau of Investigation ( FBI ) into the allegations.
The settlement also provided for the appointment of a new chairman and directors to balance Musk's influence at the company as well as moves to oversee his output on social media.
"He'll blame the board for taking him out, or the SEC for derailing his genius", Sonnenfeld said.
Additionally, the agreement requires its board to create within 90 days a permanent committee comprised exclusively of independent directors that will oversee the implementation of the settlement SEC and set guidelines for top executives' communications with the public. It was not immediately clear if Musk's Thursday tweet was approved by the company. Musk resigned as Chairman of the company, but remains the CEO and will have to pay a fine.
Judge Alison Nathan said it was a regular practice at the Southern District of New York Court to ask for a joint statement.
Updated at 5:25 p.m. PT with Musk's tweet about short sellers. The terms of Musk's SEC settlement has not yet been finalized, but he's facing a $20 million United States dollars fine and the possibility of losing Tesla's chairmanship for the next three years.