Elon Musk is pleased that American auto giant GM may become a serious contender against Tesla, but also would consider buying its closed factories, he has said in an interview. As part of the settlement with the SEC, he agreed to let Tesla's board oversee communications relating to the company, which includes tweets.
In response to being asked whether Denholm was appointed to watch over Musk "like a babysitter", he rejected the very idea.
Tesla CEO Elon Musk slammed the Security and Exchange Commission in an interview with 60 Minutes on Sunday. 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.
"I can just call for a shareholder vote and get anything done that I want", he said.
"I guess we might make some mistakes", he says.
Musk, who owns about 20 per cent of Tesla, gave up the chairman role under a settlement with the Securities Exchange Commission, which had charged the CEO with misleading investors in August with a tweet that said he had "funding secured" for taking the company private.
"The only tweets that would have to be, say, reviewed, would be if a tweet had a probability of causing a movement in the stock", Musk said. The stock is up 15 percent since the start of the year, valuing the company at $61.4 billion. And I didn't really want to try to adhere to some CEO template. Ltd., Australia's largest telecommunications company.
The SEC settlement would allow Musk to return as chairman after three years, subject to shareholder approval.
Tesla announced the availability of a "midrange" Model 3 in October; the company is also working to boost production ahead of wider availability overseas, which could help Tesla sustain profit margins because the model will sell at a higher price abroad. "I actually just prefer to have no titles at all".
In addition, Musk talked about why he open-sourced Tesla's patents, saying competition in the electric cars industry is good for the environment.
Musk said the long-awaited $35,000 version of the Model 3 will "probably" be available in five to six months.
Tesla now only has one assembly plant, located in Fremont, California.