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Drudge Retort: The Other Side of the News
Thursday, January 02, 2025

Last month, in the waning days of the Biden administration, the SEC set a tight deadline of several days for demanding that Elon Musk pay a settlement or face civil charges relating to alleged securities violations during his $44 billion takeover of Twitter in 2022.

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Last month, the SEC set a tight deadline of several days demanding that Elon Musk pay a settlement or face civil charges relating to alleged securities violations during his $44 billion takeover of Twitter in 2022 reut.rs/41ZpnbU

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-- Reuters (@reuters.com) January 2, 2025 at 8:47 AM

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... Musk broke the news himself in a social-media post: "Oh Gary, how could you do this to me?" he wrote, referring to SEC Chair Gary Gensler.

He added a smiley-face emoji but attached a legal letter condemning the "improperly motivated" ultimatum: "We demand to know who directed these actions"whether it was you or the White House." ...

The SEC is not the only investigative agency Musk has defied and accused of political harassment. The billionaire has long railed against government oversight, portraying himself as a victim of bureaucratic zealots stifling his companies' potentially life-saving innovations. ...

Musk's potential to have extraordinary clout with the new administration raises questions about the fate of federal investigations and regulatory actions affecting his business empire, of which at least 20 are ongoing, according to three sources familiar with SpaceX and Tesla operations and the companies' interaction with the U.S. government, as well as five current and former officials who have direct knowledge of individual probes into Musk's companies.

The inquiries include examinations of the alleged securities violations; questions over the safety of Tesla's Autopilot and Full Self-Driving (FSD) systems; potential animal-welfare violations in Neuralink's brain-chip experiments; and alleged pollution, hiring-discrimination and licensing problems at SpaceX. ...



#1 | Posted by LampLighter at 2025-01-02 01:39 PM | Reply

One of his closest advisors was questioned on this very subject:

www.youtube.com

very short

#2 | Posted by Corky at 2025-01-02 09:41 PM | Reply

@#2

That's one of my favorite TV series. Back when I was a teen, it encouraged me to plan for a desired outcome.

Yeah, in spite of the setting of that series.


#3 | Posted by LampLighter at 2025-01-02 09:55 PM | Reply

So Mr Musk seems to be paying Pres-elect Trump $2000 a night to stay at Mar-A-Lago, to do what?

Possibly influence future Federal Government decisions?

Looks like a good investment for Mr Musk to me. Less than a million dollars per year to gain, what?

... and I am not a financial advisor, I just offer my opinions.


#4 | Posted by LampLighter at 2025-01-02 10:18 PM | Reply | Newsworthy 1

At its core, the current rockslide that is battering our democracy is the result of Citizen's United, the complete selling of our Democracy to the highest bidder. We are now a plutocracy, rule by those with all the money.

#5 | Posted by Hughmass at 2025-01-03 06:27 AM | Reply | Newsworthy 4

#5 | Posted by Hughmass

This and Social Media... But Citizen's United is one of the biggest court debacles to date.

#6 | Posted by GalaxiePete at 2025-01-03 09:45 AM | Reply

Musk is now promising to use the Military in American neighborhoods as is being done in El Salvador... you know, because of the tremendous increase in crime in the US.... oh, wait, what's that you say?

"U.S. sees sharp decline in murders and other crimes in 2024"

www.pbs.org

Never mind.

#7 | Posted by Corky at 2025-01-03 11:41 AM | Reply

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