Hello and welcome to the Thursday August 23rd 2018 edition of Tesla Daily on

official Tesla Podcast.

My name is Rob Maower.

Today we're talking a little bit more about Elon's tweets last week and whether or not they

might have SEC implications.

Tesla stock on Wednesday finishing down 0.08% to $321.64, this compared to the NASDAQ up 0.38%.

You'll have to bear with me this morning.

I am suffering through the great self-inflicted misfortune of having not set my alarm last night, so I'm going to try to be pretty brief here.

Timing-wise, fortunately it looks like it is a pretty light Tesla News Day, which seems like the first day in quite a while where we haven't had a really big story, but there is an article out today from Bloomberg with the title of quote,

Elon Musk and Tesla might not have to worry about the SEC, end quote. This is more of an opinion piece,

but they kind of share a little bit of background on the SEC's history with technology companies specifically within Silicon Valley and that over time they've historically been a little bit more lenient than not, especially when it comes to

high profile companies.

One of the examples that they give is about a decade ago, Apple getting in trouble for

backdating the date on stock options.

Two executives from Apple were sued for this,

but Steve Jobs, who approved the awards

and actually was granted some of those backdated stock

options himself, did not receive any penalty.

And Bloomberg also says that if a case were to actually be brought

against Musk or Tesla that it would be probably a difficult case for the SEC to

win. Describing some of those challenges, Bloomberg says quote, among them ex-SEC officials say is an understaffed and

often outgone enforcement team in San Francisco, which has a hard time competing for talent

...