© ODD ANDERSEN/AFP via Getty Images Elon Musk. ODD ANDERSEN/AFP via Getty Images
- Tesla CEO Elon Musk invited Russian President Vladimir Putin to join him on Clubhouse.
- 'It would be a great honor to talk to you,' said Musk on Twitter.
- Musk has previously been active on Clubhouse and recently hosted an interview with Robinhood's CEO.
- Visit the Business section of Insider for more stories.
Tesla CEO Elon Musk on Saturday invited Russian President Vladimir Putin to join him on Clubhouse, the invite-only audio chat app.
A Twitter user, @PPathole, shared Musk's story on Twitter Tesla and SpaceX CEO corrected his fan Elon Musk is an absolute champion of market advice, memes.
- Elon Musk may have COVID-19.He tweeted he made four rapid tests, and two of them came up positive. The other two were negative, which made him doubt these tests work.
- Tesla CEO Elon Musk, who oversaw the company's decision to buy $1.5 billion worth of Bitcoin earlier this year, has joined a curious trend, adopting a Twitter profile photo of an anime woman with glowing red eyes and Bitcoin in the background.
'@KremlinRussia_E would you like to join me for a conversation on Clubhouse?' Musk wrote on Twitter.
—Elon Musk (@elonmusk) February 13, 2021
In a follow-up tweet, Musk wrote: 'было бы большой честью поговорить с вами.' According to Google Translate, that means: 'It would be a great honor to talk to you.'
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Read more: Clubhouse has only a dozen employees, and it's using some of the $100 million it just raised to hire more
It wasn't immediately clear from Musk's statement why he sought to connect with representatives from the Kremlin. The Twitter handle Musk tagged is the official account of the president of Russia, longtime leader Vladimir Putin.
Musk has been active on Clubhouse, a buzzy, invite-only app where users can join drop-in audio conversations. Other high-profile founders and executives have also logged onto Clubhouse for conversations, including Facebook CEO Mark Zuckerberg and former Microsoft CEO Steve Ballmer.
Read more: Prominent VCs flocked to a 'Bachelor'-style Clubhouse room hosted by Gen Zers. 'We're making love happen,' hosts say.
Musk also has acted as an interviewer on Clubhouse, hosting a conversation with Robinhood CEO Vlad Tenev. Last week, Musk said on Twitter he'd agreed to make a Clubhouse appearance with Kayne West, saying: 'The most entertaining outcome is the most likely.'
The Kremlin's Twitter account had not replied to Musk's message early Sunday morning. Insider reached out to the Kremlin for comment on Sunday.
Earlier this year, local reports said the Russian government may fine users of SpaceX's Starlink Internet. An analyst told Insider at the time he believed it was easier for Russia to fine citizens, rather than Starlink.
Settlement Requires Musk to Step Down as Tesla’s Chairman; Tesla to Appoint Additional Independent Directors; Tesla and Musk Agree to Pay $40 Million in Penalties
FOR IMMEDIATE RELEASE
2018-226
Washington D.C., Sept. 29, 2018 —
The Securities and Exchange Commission announced today that Elon Musk, CEO and Chairman of Silicon Valley-based Tesla Inc., has agreed to settle the securities fraud charge brought by the SEC against him last week. The SEC also today charged Tesla with failing to have required disclosure controls and procedures relating to Musk’s tweets, a charge that Tesla has agreed to settle. The settlements, which are subject to court approval, will result in comprehensive corporate governance and other reforms at Tesla—including Musk’s removal as Chairman of the Tesla board—and the payment by Musk and Tesla of financial penalties.
According to the SEC’s complaint against him, Musk tweeted on August 7, 2018 that he could take Tesla private at $420 per share — a substantial premium to its trading price at the time — that funding for the transaction had been secured, and that the only remaining uncertainty was a shareholder vote. The SEC’s complaint alleged that, in truth, Musk knew that the potential transaction was uncertain and subject to numerous contingencies. Musk had not discussed specific deal terms, including price, with any potential financing partners, and his statements about the possible transaction lacked an adequate basis in fact. According to the SEC’s complaint, Musk’s misleading tweets caused Tesla’s stock price to jump by over six percent on August 7, and led to significant market disruption.
According to the SEC’s complaint against Tesla, despite notifying the market in 2013 that it intended to use Musk’s Twitter account as a means of announcing material information about Tesla and encouraging investors to review Musk’s tweets, Tesla had no disclosure controls or procedures in place to determine whether Musk’s tweets contained information required to be disclosed in Tesla’s SEC filings. Nor did it have sufficient processes in place to that Musk’s tweets were accurate or complete.
Musk and Tesla have agreed to settle the charges against them without admitting or denying the SEC’s allegations. Among other relief, the settlements require that:
- Musk will step down as Tesla’s Chairman and be replaced by an independent Chairman. Musk will be ineligible to be re-elected Chairman for three years;
- Tesla will appoint a total of two new independent directors to its board;
- Tesla will establish a new committee of independent directors and put in place additional controls and procedures to oversee Musk’s communications;
- Musk and Tesla will each pay a separate $20 million penalty. The $40 million in penalties will be distributed to harmed investors under a court-approved process.
“The total package of remedies and relief announced today are specifically designed to address the misconduct at issue by strengthening Tesla’s corporate governance and oversight in order to protect investors,” said Stephanie Avakian, Co-Director of the SEC’s Enforcement Division.
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“As a result of the settlement, Elon Musk will no longer be Chairman of Tesla, Tesla’s board will adopt important reforms —including an obligation to oversee Musk’s communications with investors—and both will pay financial penalties,” added Steven Peikin, Co-Director of the SEC’s Enforcement Division. “The resolution is intended to prevent further market disruption and harm to Tesla’s shareholders.”
The SEC’s investigation was conducted by Walker Newell, Brent Smyth, and Barrett Atwood and supervised by Steven Buchholz, Erin Schneider, and Jina Choi in the San Francisco Regional Office and Cheryl Crumpton in the SEC’s Home Office.
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