What is really sad about the state of affairs is that SEC is suing Musk out of spite (seemingly) and not bothered by a President whose tweets are changing fortunes of multiple corporations. For reference SEC's mission statement: "The mission of the U.S. Securities and Exchange Commission is to protect investors, maintain fair, orderly, and efficient markets, and facilitate capital formation."
I don't think anyone expected Musk to follow that directive. His comments after the initial rulling signaled he didn't really care for the SEC telling him what to do, followed by a tweet about "memes" that IMO was to just troll anyone watching his Twitter account.
The SEC complaint can be found here:<p><a href="https://www.documentcloud.org/documents/5775155-Reply-to-Response-to-Motion.html" rel="nofollow">https://www.documentcloud.org/documents/5775155-Reply-to-Res...</a>
From the point of view of the worldwide public, suing over twitter posts looks ridiculously funny.<p>So better that than something else. That will train Musk a bit for later.
I'm having a hard time understanding this. Whats is the point of being CEO if you need approval to speak? Anyone investing in Tesla these days are basically investing in Musk. If they dont like the way he runs the business they can sell, or they can vote him out.