Remember how Elon had to buy $20M in Tesla shares after the “funding secured” SEC settlement? Well, the profits on that purchase are now more than double what the entire fine cost.
Fate loves irony indeed.
Musk has ended up making over 100 million from his sec settlement!! Fate loves irony huh @elonmusk 😂 $tsla— Adam (@AdamHoov) November 23, 2020
Wow— Elon Musk (@elonmusk) November 23, 2020
3 thoughts on “Elon Musk has Now Made over $100 Million on SEC Settlement”
I may be wrong, but from my recollection, he had to pay the SEC $20M and TESLA had to pay $20M. He then bought $20M of shares to compensate Tesla. He would have had to borrow the $40M. So technically, he made $60M so far less the interest he had to pay on the $60M.
Elon is an all-in kinda guy. And for some, that pays off big time!
yes he paid $40 million in fines but made $100 million on the Tesla stock he bought