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Elon Musk - Settle SEC Lawsuit and Move On, for Tesla's Sake

Cette pétition a abouti avec 12 signatures !


Dear Elon,

We, who are supportive Tesla shareholders, owners, and/or employees, urge you to settle the SEC’s lawsuit as quickly as possible and move on.

A Wall Street Journal report indicates that the SEC was ready to settle this case on the morning of September 27th, and that you walked away. If this report is accurate, we cannot know what the terms of the proposed settlement were, and why you rejected it.

However, as a general principle, we believe fighting is unwise for the following reasons:

- It distracts you from doing what you do best.

- This lawsuit is detrimental to the interests of Tesla, its employees, and its shareholders.

- There is significant risk that the SEC prevails, which would produce a worse outcome than a settlement.

Settling cases like this isn’t easy, involves swallowing a lot of pride, and is obviously expensive. However, a settlement is almost guaranteed to be less costly than a protracted battle. The sooner this is over, the better.

Even though you may feel personally aggrieved, and wish to prove something about your integrity, a true leader puts the needs of his company and shareholders above his own emotions and ego. Consider what truly matters. Recognize that if you fight the SEC, the battle will hurt Tesla.

We ask you to be a leader, and do what’s right for the team: settle this case. Don’t jeopardize Tesla’s mission, which is crucial for the future of humanity and the planet.

P.S. - If settling includes stepping down as CEO, this would be a perfect opportunity to promote or hire the right person for that role, and enable you to focus entirely on product. We are not suggesting you step down. However, if that's what's in the cards, it would be wiser to accept that outcome now than drag out a fight and end up there anyway. No one is immortal, and eventually someone will succeed you as CEO. If that is destined to take place sooner than you thought, find a way to make that a win. This crisis could be an opportunity.

Sincerely, 

Tesla shareholders, owners, employees, and supporters

Reference - WSJ report re: settlement conversation
"The SEC had crafted a settlement with Mr. Musk—approved by the agency’s commissioners—that it was preparing to file Thursday morning when Mr. Musk’s lawyers called to tell the SEC lawyers in San Francisco that they were no longer interested in proceeding with the agreement, according to people familiar with the matter."
https://www.wsj.com/articles/elon-musk-sued-by-the-sec-for-securities-fraud-1538079650



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