Elon Musk again arouses confusion on Twitter, this time about his title

Elon Musk again arouses confusion on Twitter, this time about his title https://www.eresviral.com/wp-content/uploads/2018/10/Elon-Musk-vuelve-a-despertar-confusión-en-Twitter-esta-vez-sobre-su-título-219x146.5

Elon Musk again arouses confusion on Twitter, this time about his title



Elon Musk led


Twitter


on Monday with messages that sowed confusion about his official role in


Tesla
Inc.,



TSLA -1.48%


a month after an agreement with federal regulators aimed in part to better govern their public statements.


"I eliminated my Tesla titles last week to see what would happen," said one post on Mr. Musk's official Twitter account on Monday afternoon. "Now I'm Tesla's Nothing, it seems to be fine so far." Less than 90 minutes later, at 3:06 p.m. PDT, suggested in another tweet that it would take the title of president to meet the legal requirements of company officials, or "confuse the authorities."



Tesla did not respond to requests for clarification. The company has not revealed any change in Mr. Musk's status as executive director and president, although it is He is supposed to resign from the presidency. in mid-November, as part of an agreement reached on September 29 with the Securities and Exchange Commission.


Mr. Musk's tweet on Monday referred to the recent deletion of his titles on the administration page of the Tesla website, where the titles of two other top executives were also removed. The company has not explained the changes.


The SEC's agreement was to resolve the agency's accusations that Mr. Musk tricked investors with tweets on August 7 that said he had secured funds to take Tesla privately. The actions were triggered by the unexpected announcement until they later collapsed in the following days, when it became clear that such a plan had not been finalized.


The agreement required that Mr. Musk and Tesla each pay $ 20 million. He also required that he cease to be president for three years and that Tesla add two new independent directors and establish a system to monitor Mr. Musk's communications.


Mr. Musk has continued his unorthodox use of Twitter since the settlement. On October 4, he seemed to mock the SEC with a tweet labeling it as "Shortseller enrichment commission", A reference to his fights with investors who bet that Tesla shares will decrease." On Friday night, he suggested on Twitter that his August 7 tweet "was worth it," despite the SEC fine. .


Tesla shares, which closed up 1.2% on Monday, fell to 1% in post-closing operations before recovering some ground.


The last episode of Twitter follows Tesla last week publishing a Record profit for the third quarter It exceeded Wall Street expectations and raised hopes that the new Tesla Model 3 can help transform it into a competitor against much larger global automakers.


Tesla's board of directors earlier this year awarded Mr. Musk a preliminary compensation package worth up to $ 2.62 billion that is paid in company shares if it reaches several milestones over the course of a decade. The package requires that the CEO or the CEO of Tesla and the product director at each milestone be awarded for the stock awards.




The SEC filed a lawsuit against Elon Musk for securities fraud in a market tweet in August about the possibility of Tesla being private. The news is just the latest development in a tumultuous year for the CEO. Photo illustration: Heather Seidel / The Wall Street Journal



Write to Tim Higgins in Tim.Higgins@WSJ.com



It appeared in the print edition of October 30, 2018 as 'Tweets de Musk Muddy, what is your role in Tesla'.

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