Wonder when Elon will complete this pump & dump just like he did with bitcoin. He is either a fraudster or a moron, when he decided to embrace bitcoin and a month later decided it wasn't good for the environment... Anyone with access to the internet and a few minutes time can figure out the power consumption required to back a network which supports a miniscule amount of transactions. And that power usage will only grow as acceptance and price continues to rise.
I have the same feeling. Elon despises the SEC and he might have found a way to mess with them by playing with a mostly unregulated market.
Edit: Also, his name was used a lot by crypto scammers on Twitter and nothing was ever done about those. That might also have pissed him off even more.
I’m not sure Musk has seen the last penalty for that tweet. The SEC has been corresponding with Tesla about Musk’s noncompliance with the court-ordered legal review of his tweets.
