WRCR Market Analyst Calls Tesla SEC Punishment “A Slap on the Wrist.”

WRCR’s Market Analyst is calling the punishment that Tesla’s CEO got from the SEC “a slap on the wrist.” You may recall Elon Musk suggested on Twitter over the summer that he was considering a buyout of the company for $420 a share and that he’d secured funding for it and had shareholder support. Ken Mahoney of Mahoney Asset Management says the ruckus Musk created is a big no-no in the financial world…

Audio: Ken Mahoney

On Friday, Musk and the company were charged by the SEC with market manipulation. Both Musk and Tesla will each pay a $20 million fine to resolve the suit, and neither is admitting guilt.

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