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Tesla Tumbles - Erases All Post-SEC-Settlement Gains After Musk Tweet

• Zero Hedge - Tyler Durden

Well that re-escalated quickly...

Having started the week on such a high note, settling with the SEC and agreeing to be a grown-up C-level exec once again, Tesla's Elon Musk has drifted day-by-day back into bad habits and along with his drift, his company's share price has collapsed - erasing all the post-SEC-settlement gains.

Just hours after we reported that a judge was seeking further explanation on the fairness of the settlement between Elon Musk and the Securities and Exchange Commission, a tweet from Elon Musk's Twitter account openly mocked the government agency. In a Tweet by Musk just after 4PM EST, he referred to the SEC as the "Shortseller Enrichment Commission".

When called out about the typo (of leaving the word "say" out in between "to" and "that"), Musk doubled down on his comments, seemingly saying about the SEC, that it's "their mission" and "what they do".

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