On March 10, Reuters reported that in 2018, Musk caused a big fluctuation in Tesla's stock price due to his remarks on Twitter that he might privatize Tesla. The U.S. Securities and Exchange Commission (SEC) later reached a settlement with Musk on the incident, fining Tesla and Musk $20 million each, and Musk's comments on Twitter were subject to review by lawyers first.
The SEC filed a filing with the court saying it would distribute the money to shareholders, adding a total of $41.2 million (about 263 million yuan) in interest.
Musk as the CEO of Tesla, and has a considerable reputation in the world, his remarks will indeed have a particularly large impact on Tesla's stock price, especially the privatization of such a big event, often caused by a large rise and fall, SEC on Musk's speech control is very reasonable.
Even with speech control, the SEC does not overly restrict Musk's freedom of speech, but the company's business-level speech will be reviewed first, and his speech in other aspects is rarely restricted.
In 2018, Tesla's stock price is still at a relatively low level, and Musk has the ability to raise funds to take Tesla private. Now that Tesla's stock price has exceeded a trillion dollars, the possibility of Musk taking it private is already slim. What's more, Musk's more ambitious ideal is to go to Mars, and Musk or more focus on SpaceX's career will also spend more personal funds on this aspect.
After Musk tweeted that he would sell his shares to pay taxes, Tesla's stock price fell sharply, not only because Musk bought the stock, but also because Tesla's development was not as expected.
Tesla has made it clear that it will not release a $25,000 model this year, which has greatly affected investor confidence. In addition to making money from the car itself, Tesla's assisted driving software is also the key to making money. Tesla's Full-Self Driving is priced at $10,000, and the $25,000 model can greatly increase Tesla's user base. Many users may be attracted by FSD after experiencing Tesla's assisted driving, so as to spend a lot of money to buy this assisted driving software, which can greatly improve Tesla's gross profit margin.