I want to forget Elon’s dumb $420 tweet, but y’all won’t let me

Time is a flat circle and so is the news when it comes to Musk.

This is the reason why we have to cock our heads to one side and remember a weed joke shared by the CEO. We will never understand why activist investors want the SEC to intervene in the affairs of the company.

Musk said he had secured funding to take the company private at $420 per share. He was hit with fraud charges by the SEC because he hadn't done enough. Musk andTesla agreed to play nice with the agency. There was a wrist slap.

As part of the agreement, Musk and the company agreed to pay over 40 million dollars, Musk temporarily stepped down as chairman, and the company added two independent directors. According to a June 17 letter from the activist investor group, the company is violating this deal again.

That is stated by the group.

1. Tesla’s board failed to exercise “effective oversight or [establish] a credible pre-clearance process” for Elon’s tweets.
2. And, Tesla does not intend to replace Oracle CEO and island owner Larry Ellison, who is “one of the two independent directors Tesla appointed to comply” with the deal. (Tesla indicated last month that Ellison would leave his role and would not be replaced.)

The SEC decree states that the ratio of independent board members to non-independent board members needs to be reduced. The investor group wants the SEC to make a change to the board of directors. The SEC agreement was killed in the name of free speech by Musk.

There is no escaping. The universe will not allow Musk to say silly things on the internet. I am choosing to live in a Musk-themed day. Is it possible that you'll?

The letter was not immediately responded to by the company.