It seems that the frankness of the Mask did not do him any good. His posts on social networks constantly excite the Internet community. But one of them also excited investors and the U.S. Securities and Exchange Commission (SEC). In August, Ilon wrote that he was ready to make Tesla private and redeem shares at $ 420 apiece, which of course activated the stock exchange. In the end, even had to close the auction. Shares rose nearly 11%. However, Musk later changed his mind about buying a company, which caused a wave of negative investors and brought down shares by 13%. Investors went to court, and the SEC launched its own investigation. Am considering taking Tesla private at $ 420. Funding secured.— Elon Musk (@elonmusk) August 7, 2018 As it turned out, this message was just a surge of emotions and Mask had no preliminary agreement, he did not even consult with anyone about the deal. The commission threatened with criminal penalties and Ilon had to agree that he would lose the position of the head of the board of directors for at least 3 years and pay compensation to investors in the amount of $ 20 million. through the PR department. But that’s not all, two independent managers and a committee of independent directors will appear on the board of directors. All are called to monitor the activities of the company. It seems that now there will be no scandalous news and statements from Mask, and the company itself will settle down. The question is whether new people will affect the company’s innovativeness, whether it will remain as “advanced” or die in bureaucracy. Here’s what else is interesting, Elon Musk is far from being a stupid person, how could he have made such an elementary mistake and what really stood behind his actions.