Tesla CEO? More like Teflon CEO.
Elon Musk and his electric car maker escaped yet another disaster on Tuesday as a US judge approved their settlement with the Securities and Exchange Commission over Musk’s errant Aug. 7 tweet about taking the company private.
Tesla shares soared more than 5 percent in early trades to $273.88 on the news.
While Judge Alison Nathan’s approval was largely expected, some weren’t so sure as Musk showed little signs of curbing his Twitter behavior — and even took jabs at the SEC after they reached their proposed settlement.
“Just want to [say] that the Shortseller Enrichment Commission is doing incredible work. And the name change is so on point!” Musk tweeted on Oct. 4.
Just two days after the Sept. 29 settlement, Musk had tweeted a music video by the group Naughty by Nature, with a wink emoji.
Under terms of the settlement, tentatively reached on Sept. 29, both Tesla and Musk must pay $20 million to Wall Street’s watchdogs for Musk’s market-moving tweet in which he claimed to have “funding secured” for the deal.
Musk also has to step down as chairman and get approval from company lawyers before sending Tesla-related tweets.
Neither Musk nor Tesla admitted or denied wrongdoing as part of the settlement.
Columbia Law School professor John Coffee told The Post earlier this month that Musk was “incorrigible” and in need of “adult supervision.”
Other investors thought the settlement was a mere slap on the wrist for the controversial CEO.
Andrew Left of Citron Research, one of the short-sellers suing Tesla over the Aug. 7 tweet, remarked that Musk “seems to have nine lives.”
Nevertheless, Musk’s Twitter antics continue.
Last week he hinted that he would soon be getting into the tequila business after tweeting an image of a “Teslaquila” bottle.
CNBC reported that Tesla filed application with the US Patent and Trademark Office to trademark the name for a “distilled agave liquor” and “distilled blue agave liquor.”
Reps from Tesla declined to comment.


