- On Friday Elon Musk emailed Tesla employees and told them to “ignore all distractions” as the third quarter comes to a close.
- Tesla’s stock started crashing after hours on Thursday when the SEC filed a lawsuit against Musk for making false statements about the company, including his claim that he would take the company private at $420 a share.
Elon Musk on Friday sent an email to all of Tesla, urging his employees to keep working diligently in the face of mounting pressure from federal regulators and a crashing stock price.
From the email:
Sent: Friday, September 28, 2018 1:14:53 PM
Subject: You’re doing an incredible job
Thanks for being amazing,
Even Musk’s most ardent supporters criticized him for walking away from the SEC’s settlement offer. Gene Munster, a managing partner at venture capital firm Loup Ventures, said that removing Musk from Tesla might be good for the company.
In an interview with Bloomberg, Ross Gerber, CEO of wealth-management firm Gerber Kawasaki — one of Musk’s fiercest supporters — expressed disappointment with Musk for not taking the SEC deal. He also said he no longer had confidence in Tesla’s board.
(If you are a Tesla employee or customer who has a story to share about a car or experience with the company, give me a shout at firstname.lastname@example.org.)
- The SEC alleges that Elon Musk’s $420 price point was a weed reference to amuse his girlfriend
- Elon Musk can blame 4 tweets for his SEC lawsuit
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