Enforcement is what discourages manipulation. The SEC could make a case that Elon intentionally manipulated the stock, (particularly with his late and then mis-filing of the 13G and 13D), that he then announced he was going to join the board only to then reverse only a few days later. The final key piece of evidence will be any further trading activity; has he already begun to sell his stake? If so it doesn't look good. They can see his trading activity without any public disclosures. Given his history of manipulating Tesla stock via Twitter, and violation of the settlement, and then the recent shenanigans around his selling stock to pay for taxes, I'm sure they're already taking a close look at him.
noduerme|3 years ago
I appreciate you setting the right tone with "Enforcement is what discourages manipulation."
Jyaif|3 years ago