> This was almost certainly done by a lawyer working on his behalf. This strikes me as a technicality of paperwork that is being seized upon by the media as a way to portray Musk in the worst possible light.
Elon openly attacks and disregards SEC. He doesn’t have any benefit of the doubt left, when it comes to activities that SEC is suppose to be regulating.
What is the substantive effect on the public (aka "investors") if this value in this field on this form was incorrect?
This is a tempest in a teapot. People who don't like Musk are pointing to it and saying, "See? SEE!? He is a liar. He is bad."
But the reality is, this doesn't actually hurt anyone and its not really a big deal at all.
But let's take the least charitable interpretation and play it out: Musk filled out the form himself. He intentionally with malice aforethought lied. The day after the SEC form becomes public, he takes a board seat. What is the material damage done to the public?
Twitter shareholders got a huge 2-day pop. That would have happened regardless of Elon's intent.
Elon openly attacks and disregards SEC. He doesn’t have any benefit of the doubt left, when it comes to activities that SEC is suppose to be regulating.