Tesla CEO says company could purchase some shuttered GM plants

Elon Musk: ‘I Want to be Clear: I Do Not Respect the SEC’

Elon Musk gets teary in 60 Minutes rant against SEC and his ‘First Amendment’ right to Twitter beef

As Tesla pointed out, the settlement does not require oversight of Musk's Twitter feed until nearly the end of the year, so technically Musk has not broken the agreement.

Again, you can watch the entire interview over at CBS News, though the only part of the conversation where Musk seems like a normal human being is the very end when he talks about Tesla's broader mission to make electric cars mainstream. The company named Robyn Denholm, who was already on the board, as chairwoman.

ELON MUSK: I want to be clear.

But Musk said "it's not realistic" to expect Denholm to watch over his actions because he remains the electric vehicle company's largest shareholder.


ELON MUSK: Well, I guess we might make some mistakes.

But on 60 Minutes, Musk quickly made sure his answer wasn't characterized as a firm commitment.

Musk told CBS the only tweets that need to be approved are ones that can move the stock price.

In an interview with "60 Minutes" that aired on Sunday, Musk said he was abiding by the agreement out of respect for the justice system, not because he sees eye to eye with federal securities regulators.


"It's not realistic in the sense that I am the largest shareholder of the company and I can call for a shareholder vote and get anything done that I want", Musk said. The part that requires pre-approval of communications that could affect the stock price technically must be in place by December 28, the company said.

In a statement to Business Insider, a Tesla spokesperson said "We can confirm the settlement is being complied with". She is chief financial officer and strategy head at Telstra Corp.

Speaking to Leslie Stahl, Musk also stressed he is not about to stop tweeting and doesn't have anyone proofreading or supervising every single thing he posts to social media either. He was forced to resign as chairman but allowed to remain CEO.

"It was life or death", said Musk. Musk went on to explain exactly how much no longer being "chairman" means to him.


Musk acknowledged that he was "somewhat impulsive", adding that he "didn't really want to try to adhere to some CEO template". The Tesla Factory in Fremont, California is a former GM plant that closed in 2010 but reopened later that year under Musk.

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