A judge could yet tear up Elon Musk’s settlement with the SEC

Kanye West performs during the World AIDS Day concert In Times Square in New York on Dec. 1 2014.					Charles Sykes The Canadian Press via AP

West made the comments Tuesday as he checked out student projects at the Detroit College for Creative Studies, a private art school.

The post appeared the same day that Judge Alison Nathan of U.S. District Court in Manhattan asked the SEC and lawyers for Musk and Tesla to submit in writing, by next Thursday, the reasons the settlement should be approved.

The tweets may imperil a deal struck with the SEC on Saturday - which isn't final - that would bar him from serving as chairman of the car-maker for three years as a punishment for problematic tweets he sent about taking Tesla private.

Several news outlets reported that the agency sued after Musk rejected a settlement under which he would have had to step down as chairman for two years, add two independent directors to the company's board, and pay a $10 million fine.

Tesla CEO Elon Musk apparently blasted federal regulators Thursday, less than a week after striking a settlement with them to resolve accusations that he misled investors with false statements.

Tesla chief executive Elon Musk stands on the podium as he attends a forum on startups in Hong Kong, China January 26, 2016. District Judge Alison Nathan in Manhattan ordered him and the SEC to explain by October 11 in a joint letter why their settlement was fair and reasonable and would not hurt the public interest.

Just in case there is any confusion, Shortseller Enrichment Commission is a jab at the Securities and Exchange Commission. "And the name change is so on point!"

It's also worth noting that, just three minutes after Musk's tweet, Tesla stock prices fell by another 2%. Its shares were down 7 percent at $262.05 in late afternoon trading.

"Keep it coming, Elon", one person said.

Musk's dispute with the SEC originated on August 7, when Musk said he was considering taking Tesla private at $420 a share, and that he had already secured the funding.

Thomas Gorman, a partner at Dorsey & Whitney in Washington, D.C., said Musk might argue that the latest tweet might be a mere "personal lament", and not a violation of the settlement.

The SEC and Tesla did not immediately respond to request for comment.

Tesla has consistently been one of the most-shorted US stocks as many investors continue to bet on declines in share prices.

The SEC settlement still needs court approval.

"Someone has to get a hold of his Twitter account and stop him", Henning said. But that doesn't mean Tesla's board can't order Musk to tone done his Twitter posting in the best interests of the company.

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