Wednesday, April 24, 2019
Home Business The court can suppress Tesla's Musk with one of three options

The court can suppress Tesla's Musk with one of three options

CNBC's Jim Cramer said he believes a federal judge must appoint a special master to Tesla's board of directors to persuade chief executive Elon Musk to comply with a court agreement between him and the Securities and Exchange Commission.

"If the statements of the SEC are true, then he basically spits in the face of the justice system … [and Judge Nathan] I can not just let him go against a court order and get away with it. The whole system would unravel for the sake of heaven. "

Judge Nathan has been "in box" since Musk's $ 20 million fine and can not rely on Tesla's board to imprison Musk, Cramer said. The matter comes from an August tweet from Musk, which shocked the market and said "funding secured" to make the company private.

Tesla's shares were traded up / down during Tuesday's session. The share fell 18 percent this year and about 12 percent last year.

"If you do not enjoy the idea of ​​Tesla without Musk at the wheel, I do not know why you want to buy [the] Camp here, "said the host.

"I think the guy is a genius … and a huge success in a low-growth company, but I just do not think he can get out of this business."

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