Oct 4, 2018

Elon Musk fires back at SEC, days after settlement

Elon Musk is back on Twitter antagonizing the Securities and Exchange Commission just four days after settling with them for $20 million.

Why it matters: The SEC reached settlements with Musk and Tesla that contain provisions aimed at vetting Musk’s shoot-from-the-hip tweeting. He’s mocking the very commission he struck a deal with — before that deal has even been approved by a judge.

The big picture: Elon Musk has shown himself to be his own worst enemy. This tweet could herald continued erratic behavior by the CEO, which would be bad for both the company and the share price which the SEC was ostensibly trying to protect.

  • The settlement isn't approved yet and some have noted the settlement would take effect 90 days after approval.
  • It included a provision that Tesla must create a process for reviewing any his social media posts directly related to Tesla, or which "reasonably could contain" information material to Tesla shareholders.
  • After the settlement was signed, a judge who was asked to approve it required Musk to write a letter explaining why the judge should approve the settlement deal, per CNN.

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Axios' Dan Primack and Felix Salmon contributed to this story.

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Atlanta mayor on Trump's riot response: "He speaks and he makes it worse"

Atlanta Mayor Keisha Lance Bottoms responded on CNN's "State of the Union" Sunday to President Trump's tweets and comments about the mass protests that have swept across the United States, urging him to "just stop talking."

What she's saying: "This is like Charlottesville all over again. He speaks and he makes it worse. There are times when you should just be quiet. And I wish that he would just be quiet."

Black Americans' competing crises

Illustration: Eniola Odetunde/Axios

For many black Americans, this moment feels like a crisis within a crisis within a crisis.

The big picture: It's not just George Floyd's killing by police. Or the deaths of EMT Breonna Taylor and jogger Ahmaud Arbery. Or the demeaning of birdwatcher Christian Cooper and journalist Omar Jimenez. Or the coronavirus pandemic's disproportionate harm to African Americans. It's that it's all happening at once.

Amnesty International: U.S. police must end militarized response to protests

Washington State Police use tear gas to disperse a crowd in Seattle during a demonstration protesting the death of George Floyd. Photo: Jason Redmond/AFP via Getty Images

Amnesty International issued a statement on Sunday morning calling for an end to militarized policing in several U.S. cities and the use of "excessive force" against demonstrators protesting police brutality.

Why it matters: The human rights group said police across the country were "failing their obligations under international law to respect and facilitate the right to peaceful protest, exacerbating a tense situation and endangering the lives of protesters."