“Did he sell any holdings after he announced the virtual bo?
Did he profit in any way?
Did Tesla profit in any way?
If he didn’t cash the check where is the fraud?”
that’s not what the SEC charges are about ... the SEC charges are that: 1.) As CEO of a publicly traded company, Musk made materially misleading public statements; and 2.) As CEO of a publicly traded company, Musk failed to notify the SEC of materially relevant fiduciary data ...
Okay, I can see one. What's the penalty for that? But what is 2) Are they saying that the BO comment was misleading but Musk should have notified the SEC of the data behind the misleading comment anyway? Or was their some other failure to notify?