Thursday, 23 August 2018 08:46

Don’t Worry About Musk and Tesla with the SEC

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(San Francisco)

Investors are currently anxious about the SEC’s investigation of Tesla and Elon Musk, not only over the infamous tweet, but also about guidance the company has given over the years. However, Bloomberg says investors shouldn’t be worried because the SEC is unlikely to take any serious action. Bloomberg points out that the San Francisco office of the SEC is woefully understaffed and outgunned and has almost no history of going after top tech executives, something that has led the tech sector to act with more impunity than in finance.


FINSUM: We aren’t sure we like this analysis much. If there were ever a time the SEC might want to make a statement, this would be it.

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