Patrick Bet-David
@PBDPodcast·2.9M subscribers·5.3K videos
"Lawyers Seek Trophies" - Elon Musk Critiques SEC for Ignoring Hedge Fund Abuse of Tesla
Posted
September 26, 2024
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September 26, 2024
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0:59Now PlayingElon Musk speaks out on the SEC's failure to pursue hedge funds that manipulated Tesla stocks through shorting for their own gain, leaving retail investors at a disadvantage. He criticizes the SEC's broken incentive structure, explaining that the lawyers avoid attacking hedge funds because it could harm their future job prospects with the very firms that represent those funds. Musk questions the integrity of the system, calling for reform.
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