Matt Levine’s Money Stuff: Elon Musk Heard From the SEC (Correct)

Oh Gary

I think a useful rough model is something like:

1. You and I and most people are approximately 100% subject to the law. If we do crimes we’ll get arrested; if we commit securities violations we’ll get fined; if we drive too fast we’ll get pulled over.
2. Elon Musk is, like, 60% subject to the law?
3. In roughly a month, he will be, like, 20% subject to the law?

Musk is extremely rich, he’s litigious and willing to fight even without great legal arguments, he’s popular online and has a large army of fans who get mad at ...