Tesla's Elon Musk on '60 Minutes': 'I do not respect the SEC'

Elon Musk on 60 Minutes.                  You Tube screencap

Elon Musk on 60 Minutes. You Tube screencap

In an interview with 60 Minutes (the U.S. one), he said that no one was monitoring his tweets in advance, with the exception of ones that had a "probability of causing a movement in the stock", adding "otherwise it's - hello, first amendment".

Robyn Denholm, an Australian telecommunications executive, was appointed chairwoman of Tesla's board last month, replacing Musk as part of as part of a securities fraud settlement with USA government regulators.

Elon Musk says he has "no respect" for the Securities and Exchanges Commission (SEC) financial regulator.

Musk spoke on CBS' show "60 Minutes", broadcast. "This includes having a policy (which technically needs to be in place by December 28) that requires pre-approval of any communications that reasonably could contain material information". "That's not realistic, in the sense that I'm the largest shareholder in the company, and I can just call for a shareholder vote and get anything done that I want", Musk told Stahl.

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"Well, I guess we might make some mistakes".

This weekend CBS News aired a wide-ranging interview with Tesla and SpaceX CEO Elon Musk during which he reflected on his companies, his erratic behavior, his pot smoking, and even the SEC. In the clip above, Musk says none of his tweets have been censored since the settlement. The stock is up 15 percent since the start of the year, valuing the company at $61.4 billion.

Musk also said he doesn't "really want to try to adhere to some CEO template". I'm just being me. "Who knows?" Musk said. The company also published a blog post titled "Taking Tesla Private", authored by Musk.

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.

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Tesla rose slightly in USA premarket trading, gaining 0.4 percent to $359.30.

When Musk was asked if he would like to go back to being chairman, he replied, "I prefer no titles at all".

Tesla doesn't buy traditional advertising, and media coverage of Musk is a big part of how the Palo Alto, California-based company markets itself and its formidable brand. Then, in no uncertain terms, Musk says exactly what he thinks of the government agency responsible for enforcing the federal securities laws.

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