The SEC has moved to hold Elon Musk in contempt in their favorite court – the Southern District of New York. This has been a battle against the SEC where just making any comment as a CEO of a public company brings the SEC in against you unless you are one of the bankers. Even after the 5 major banks plead criminally guilty, anyone else would lose their license. The banks the SEC makes an exception for all the time. In fact, the former Goldman Sachs board member who was in charge of Global Compliance is now the #2 guy at the SEC despite the fact that any other company involved in any type of fraud charges usually results in the compliance office being criminally charged.

So it looks like the SEC will be relying on the authority and precedent of my case of contempt also in the Southern District of New York. The want to bar him from being a director of Tesla. The SEC said: “We allege that Musk’s statements were false and misleading.” The SEC official told added: “The SEC seeks a finding that Musk committed securities fraud.” The relief they want in retaliation for him saying that the SEC protects the bankers and short-sellers if to bar Musk from serving as director or executive of any publicly-traded company for life.

Welcome to American injustice were there is NEVER any such thing as equal protection. There is unquestionable favoritism in how and who is every charged by the SEC. It appears more that they deliberately trying to manipulate companies allowing others to sweep in and take charge. The allegation that his comments on the stock was some sort of fraud is interesting. There is no evidence in the chart that supports the SEC’s case. In fact, removing Elon Musk may be far more devastating to Tesla that anything he ever had to say.