Transcript of Elon Musk: "I have no respect for the SEC"
60 Minutes
0:00you tweet a lot i i use my tweets to0:02express myself0:04some people use their hair i use twitter0:07well but you use your tweeting to0:09to kind of get back at critics rarely0:12you kind of have little wars with the0:14press twitter is a war zone0:16if somebody's going to jump in the war0:17zone it's like okay you're in the arena0:20let's go his war zone tweeting drew fire0:24when out of the blue in august he0:26tweeted quote0:27am considering taking tesla private at 40:3020 funding secured0:33the sec disputed that claim and charged0:36him with securities fraud0:39the case was settled with musk agreeing0:41that his communications relating to the0:43company0:44including twitter would be overseen by0:47his0:47board have you had any of your tweets0:50censored0:52since the settlement no none does0:55someone have to read them before they go0:57out0:57no so your tweets are not supervised the1:00the only tweets that1:01would have to be say um reviewed would1:04be1:05if fh wheat had a probability of1:08uh causing a movement in the stock and1:10that's it yeah i mean otherwise it's1:12a hello first amendment like premium1:14speech is fundamental1:15but but how do they know if it's going1:18to move the market if they're not1:19reading all of them1:21before you send them so i guess we might1:24make some mistakes1:25who knows are you serious1:29you know he's perfect1:34look at you i i i i want to be clear i1:37do not respect the sec1:39i do not respect them but but you're1:42abiding by the settlement aren't you1:44because i respect the justice system
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