Elon Musk thinks investors should pay less attention to his tweets
. The tweet sent Tesla's share price skyrocketing 14%.
The SEC filed suit against Musk, accusing him of making"false and misleading statements" — Musk and Tesla later settled, agreeing to pay $20 million apiece without admitting guilt. Musk also stepped down as chairman of Tesla's board, and Tesla was required to appoint a new committee that would oversee Musk's communications.
But Musk told Time that he doesn't think he bears much responsibility for what happens after he tweets. "Markets move themselves all the time, based on nothing as far as I can tell," Musk told Time."So the statements that I make, are they materially different from random movements of the stock that might happen anyway? I don't think so."
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