Tesla CEO says company could purchase some shuttered GM plants

Dwayne Harmon
December 11, 2018

In an interview with 60 Minutes that aired on Sunday, Tesla CEO and prolific tweeter Elon Musk made it abundantly clear how he feels about the U.S. Securities and Exchange Commission. Let's go!"Musk on the SEC:I want to be clear". When asked if the new chairperson was put in place to watch over Musk, Musk said that wasn't the case.

In a wide-ranging interview on CBS' "60 Minutes", Musk also reiterates his lack of respect for the SEC. "And I can call for a shareholder vote and get anything done that I want".

The last point was nearly immediately touched on by Stahl after Musk had informed her that Tesla was, in fact, not policing the CEO's Tweets as required by the settlement.

"I guess we might make some mistakes".

This followed a tweet in which Mr Musk wrote that he had secured funding to take Tesla off the stock market and make it a private company. In the clip above, Musk says none of his tweets have been censored since the settlement. And I didn't really want to try to adhere to some CEO template.

Denholm has been on Tesla's board for five years. "Who knows?" "Nobody's flawless".

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I mean that's not realistic because I am the largest shareholder in the company and a very high percentage of the shareholders support me and the company.

"I think there was like literally one week where I actually worked 120 hours and just didn't leave the factory".

Tesla announced the availability of a "midrange" Model 3 in October; the company is also working to boost production ahead of wider availability overseas, which could help Tesla sustain profit margins because the model will sell at a higher price abroad.

As Tesla pointed out, the settlement does not require oversight of Musk's Twitter feed until nearly the end of the year, so technically Musk has not broken the agreement. Musk said there's been an "aggressive campaign" by the United Auto Workers to attack Tesla with a "load of nonsense" in an effort to unionize the carmaker.

Later in the interview, Musk continued to slam the SEC's decision to strip him of his Board Chairman title. The Tesla Factory in Fremont, California is a former GM plant that closed in 2010 but reopened later that year under Musk. Musk said he would not be interested.

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