Matt Levine, Columnist

Elon Musk Heard From the SEC

Also duplicating the MicroStrategy trade, buffer ETFs and hedge funds, Masayoshi Son’s $100 billion commitment and snorting Adderall in the bullpen.

December 16, 2024 at 7:11 PM UTC

Corrected

December 18, 2024 at 4:57 PM UTC

By Matt Levine

Matt Levine is a Bloomberg Opinion columnist. A former investment banker at Goldman Sachs, he was a mergers and acquisitions lawyer at Wachtell, Lipton, Rosen & Katz; a clerk for the U.S. Court of Appeals for the 3rd Circuit; and an editor of Dealbreaker.

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I think a useful rough model is something like:

Musk is extremely rich, he’s litigious and willing to fight even without great legal arguments, he’s popular online and has a large army of fans who get mad at his critics, and he is essential to various essential companies. You can’t seriously expect all of the laws to apply to him. We talked once about his alleged drug use and the possibility it might complicate SpaceX’s military contracting, and I wrote: