Lawyers for the billionaire businessman say that the “Twitter sitter” provision in an agreement with the Securities and Exchange Commission violated his free speech rights.
Which is exactly why Musk is agitating to get the lawyer requirement dropped.
The whole reason why he got in that situation in the first place is because he was running his mouth about having enough money to take Tesla private, he didn’t, But the stock value went through the roof anyway.
On the other hand, had any other company gave the Q1 earnings call that Tesla gave last week their stock would have cratered.
Which is exactly why Musk is agitating to get the lawyer requirement dropped.
The whole reason why he got in that situation in the first place is because he was running his mouth about having enough money to take Tesla private, he didn’t, But the stock value went through the roof anyway.