In Wake of Settlement, Elon Musk Taunts SEC as 'Shortseller Enrichment Commission' - NBC New York
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Musk Taunts SEC as 'Shortseller Enrichment Commission'

Under a proposed settlement, announced on Saturday, Musk would step down as board chairman at Tesla while remaining CEO

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    In Wake of Settlement, Elon Musk Taunts SEC as 'Shortseller Enrichment Commission'
    Getty Images, File
    Elon Musk speaks at the International Astronautical Congress on Sept. 29, 2017, in Adelaide, Australia.

    Elon Musk on Thursday lashed out at the Securities and Exchange Commission, taking to Twitter to mock the “incredible work” of the “Shortseller Enrichment Commission.”

    “Just want to [say] that the Shortseller Enrichment Commission is doing incredible work. And the name change is so on point!” the Tesla Motors CEO wrote on Twitter.

    The jabs were posted just days after the billionaire tech entrepreneur reached a proposed settlement with the SEC over yet another series of tweets Musk sent in August, NBC News reported.

    Those August tweets said Musk was considering taking Tesla private and that he had “funding secured” for such a transaction. That caught the attention of the SEC, which last week sued Musk, alleging that the tweet and others Musk sent were false and misleading to investors.

    Clerk Pulls Out Machete on Would-Be Robber

    [NATL] Clerk Pulls Out Machete on Would-Be Robber

    A would-be robber armed with a knife had a surprise in store when an Alabama store clerk pulled out a machete in defense. The two's brief knife fight was caught on camera before the clerk runs out to damage the robber's car.

    According to police, suspect Seth Holcomb walked up to the counter to make a purchase. He leaves the store and then comes back in as if to make a second purchase. Then, he pulled out a knife at the counter. What he didn't expect was that the clerk would pull out a machete of his own.

    (Published Wednesday, March 20, 2019)

    Under the proposed settlement, announced on Saturday, Musk would step down as board chairman at Tesla while remaining CEO, and he and Tesla would each pay $20 million in penalties.