If you watch the financial markets, you saw that Elon Musk lied, about taking the company public for 420, in a effort to manipulate the market. Well, a judgement was handed down, costing him 20 million, and losing his seat on the board. Clearly he did not learn his lesson, because within 48 hours he emailed out that they are close to being profitable. Obviously this statement is a lot harder to prove wrong, because of the language which is ambiguous. But, the stock shot up almost 20% on that news. I have never seen a stock move so much on the CEO's word. This brings me to the point, that stock manipulation penalties might not be stiff enough. For example when he tweeted the buyout. The market cap moved billions. All he gets is a slap on the wrist, when people could have lost potential billions. We will have to see about the class action law suits coming their way.
