Hacker News Reader

Comment by nigealj | Hacker News Reader

This is a serious deal. The rest of the year is going to be a real test for Tesla! It'll be real interesting to see if they can rebound from this.

I wonder if the Tesla board is thinking of doing an Uber and replace Musk with a more calmer executive! Wouldn't be surprised if he gets fired after this.

View on HN

> I wonder if the Tesla board is thinking of doing an Uber and replace Musk with a more calmer executive! Wouldn't be surprised if he gets fired after this.

I would be. They have stood by him so far, this isn't going to push them over the edge. Besides, who would they replace him with?

If the SEC fines him, he'll pay the fine and get on with his life.

Unless they ban him from being an executive at a publicly traded company

Couldn't he assign the janitor to be the official 'CEO', but then give himself title of 'Visionary' and still make all the decisions?

The SEC would not find this amusing.

Putin would!

Please don't do this here.

Part of being a visionary CEO is making choices that other people don't like, and sticking with them. As a janitor, you can suggest all you want, but unless you're on the Board, you can't force things through (unless you rely on backchannel bribery or coercion or other unsavory means).

Musk is also on the board.

But the SEC is also seeking to remove him from the board of any public company. So he'd lose his chair and the CEO position in this single case.

> If the SEC fines him, he'll pay the fine and get on with his life.

There are other options on the menu: jail time.

This is a civil case, but the DOJ is investigating as well, so you might be right.

Reply on news.ycombinator.com