securities and exchange commission charged him with fraud while leading tesla's investors to believe that he had a firm offer in hand we allege that must had arrived at the price of four hundred twenty dollars by assuming a twenty percent premium over tesla's then existing share price and then rounding up to four hundred twenty dollars because of this is the significance of that number in marijuana culture and his belief that his girlfriend would be amused by. back owen marijuana in there earlier this month musk was filmed smoking marijuana while being interviewed in a pump costs live on you tube in a deal with the commission he's agreed to stand down as chairman of tesla and pay a total fina forty million dollars but his legal problems don't tend that he's also being sued for libel often making allegations against this british diver who was involved in the thai case rescue you know musk has recently announced plans for the first ever private commercial trip around the moon it's dangerous to be clear this is dangerous but this appears to be a man who embraces danger whatever the cost

private at $420 us he would take the company private at $420 us per share and the us securities and exchange commission is suing him for securities fraud and is trying to ban him as a director of a public company. we explain what exactly got him into trouble. it has to do with two words, those are "funding secured", elon musk said not only was he considering taking tesla private at a price of $420 per share but that he had the money to do so and in its complaint the us securities and exchanged and says he didn't actually have the funding secured and he hadn't discussed the matter with potential investors. and as a result he engaged in deliberately misleading behaviour. this they say constitute security fraud and that's why they want to see him punished. so has elon musk responded to the securities and exchange commission? he has and he came out with a statement i will read to you. he says the action by the sec is not justified and leaves him deeply saddened and disappointed. mr elon musk says he will fight the sec‘s lawsuit. and at this point is he still planning to bring hasluck private? no, he abando

securities and exchange commission has accused the company's c.e.o. of fraud we ask on wall street correspondent will the f.c.c. force you to step down and the italian job the nation's stocks are tanking and their leaders in rome pledging a big budget overspend brussels is not happy. i'm christopher to the program. facebook promised differently yet here we are again fifty million accounts might be affected in a new data breach the social media giant says it does not know who is behind tuesday's hacking attack and where the perpetrators might be based but the breach could allow hackers to take over facebook accounts users who have used the view as feature in the last year are especially vulnerable facebook says it has taken steps to fix the security problem at alerted law enforcement earlier this year the world's biggest social network had to admit that up to eighty seven million user profiles had been compromised. earlier i spoke to jared reed from our social media department and asked him what else we knew about the case so far. packages were able to

securities and exchange commission have reached a settlement over fraud charges under the deal mosque will remain c.e.o. pay a twenty million dollars fine and step down as chairman of the company the f.c.c. also impose a twenty million dollars fine on tesla it on musk is accused of misleading investors up to tweeting that he'd secured funding to take the electric car make a private last month. has the latest from washington. this all started with a tweet that may now go down as the most expensive tweet in twitter's history on august seventh the law must tweeted to his twenty two million followers that he was considering taking tesla private that funding was secured at four hundred twenty dollars a share will federal regulators say that was never the case that there had no been no basis for the plan to actually take place but the followers of the law musk believed what he said and they bought more tesla stocks eventually when the c.e.o. withdrew the plan about going private those chair holders lost money in the security and exchange commission said that was fraud so musk has now agreed

under a settlement reached with the securities and exchange commission. thanks for >>> elon musk agrees to step down as chairman of the company and pay a hefty fine in a settlement reached with the securities and exchange commission. >> andrea borba in the newsroom with details on that settlement. >> brian, julia, the settlement came in very quickly with the securities exchange commission, announcing charges just on thursday. here are some of the terms of the settlement. elon us musk will step down. he will pay a $20 million fine. the tesla corporation will pay a separate fine. this comes after a tweet, claiming he was taking tesla private and had secured funding at $420 per share. that sent markets into a tail spin. >> just a big mistake, and now he's paying a heavy price. >> in a statement, stephanie kavakian said the total package of remedies and relief announced today are specifically designed to address the misconduct at issue by strengthening tesla's corporate governor answer in and oversight for investors,lon musk must step down as chairman of the b

and the company is expected to pay a massive fine as part of a settlement with the securities and exchange commission. kron 4's hermela aregawi has pkgelon musk just lost his job as chairman of tesla..as part of a new settlement with the securities and exchange commission.. he will no longer represent the company's shareholders in a lawsuit filed thursday... the sec says.. musk grossly mislead shareholders in an august 7th tweetsteven peikin/co-director of the secs enforcement divisionmusk's tweets were false and misleading. in the tweet.. musk said this.. "am considering taking tesla private at 420-dollars per share. funding secured."tesla has been publically traded since 2010...going private means current shareholders would have a chance to sell their stocks at a higher price..but the sec says.. there's no evidence that was set to happen.stephanie avakian/securities and exchange commissionat the time he made these statements, musk had not secured funding for the proposed transaction. to the contrary we alleged he had not even discussed key deal terms including price with any potential source of fun

securities and exchange commission is follow lawsuit charging incorporated founder and c.e.o. elon musk with securities fraud in their suit the f.c.c. seek sanctions and remedies including prohibiting mr moggs from serving as an officer or director of a publicly traded company and an injunction and civil penalties the charges stem from this mr must twitter message about august seventh claiming that he had secured funding to take the company private at four hundred twenty dollars per share which the f.c.c. note was a quote substantial premium to its trading price at the time tesla stock price rose significantly after the tweets in a statement s.b.c. investigators allege that mr must tweets were false and misled potential investors when he tweeted. must not yet discuss specifics with prospective financier's according to the c.c. tesla stock has declined by thirteen percent on the news and for more on this we now turn to our friend lauren fix the tart coach who joins us live from new york lauren what do you make of this we talked about tesla a lot but we necessarily didn't see it

securities and exchange commission. clearly made a mistake and is obviously one of the great entrepreneurs of our generation and they may call themselves wildly successful but they've never made a profit without even any sort of real knowledge important back so what's probably should get a lot more sleep and probably should be a lot more careful before he tweets i'm just saying this rolling the dice nothing wrong with the automobiles that are foreign but the business is a un mitigated aster well in a tweet dated august the seventy lawn musk announced he was considering to contest the private proposed a price of four hundred twenty dollars per share adding that he had secured sufficient funding to do so he also expressed high hopes for all existing shareholders to endorse that idea the f.c.c. whoever picked up on an odd expected and surprisingly take a look at this will age that must could have arrived at the price of four hundred twenty dollars by assuming a twenty percent premium of tesla's then the existing share price

securities and exchange commission accusing chief executive. of fraud the f.c.c. says must quote new or was reckless and not knowing that he was misleading investors it all started with a tweet i'm considering taking tests not private at four hundred twenty dollars funding think here and see if the message test i feel you know iran must tweeted to his twenty two million followers last month and here's the response of u.s. regulators who've charged him with fraud. musk statements misled members of the investing public to believe that it was virtually certain he could take private enterprise of four hundred twenty dollars per share which was a substantial premium over a share price at that time because funding for this proposed transaction had been secured and the only contingency remaining was a shareholder vote. the market reacted to this information and tesla stock price quickly traded out we allege that most statements were false and misleading because they lacked any basis in fact on the day of musts tweet last month test shares shot up causing the nasdaq to su

the security and exchange commission filed a complaint today in federal court. paul chambers tells us the case stems from a tweet that elon musk posted last month. >> reporter: tesla ceo is coming under fire again. >> today best ec file charges against elon musk. >> reporter: the securities and exchange commission says the charges stem from this tweet elon musk release back in august which stated considering taking tesla private at $420. funding secured. must committed fraud when he made that tweet. it was false and misleading about the potential transaction. >>> the message that he put out, especially that this was a done deal, very quickly became clear that it was not as finalized as everybody thought. that is why the stocks shot up and then collapse. >> we alleged that musks statements were false they left any basic in fact. at the time he made the statements, must could not secure funding. >> reporter: if that is the case, the sec wants musks to pay back any profits that he obtained go to be prohibited as serving as an officer or director -- director of a pu

in our must from serving as the head of the electric car maker the securities and exchange commission alleges he committed securities fraud when he tweeted about plans to take the company private back in august how did you castro has more. the regulators now suing the federal security and exchange commission says this all started with a tweet in early august musk tweeted to his twenty two million followers that he was considering taking tesla private at a price per share of four hundred twenty dollars federal regulators say there was never a real basis for musk to make that happen and in fact the way he came up with the four hundred twenty dollars valuation hording to the lawsuit is strange itself it alleges that musk made a general estimate and then round of that number up to four hundred twenty because of the numbers significance to the marijuana culture claiming. that it would amuse his girlfriend well the s.e.c. regulators say this was not amusing at all to the stock to the shareholders who bought more tesla stocks based on this tweet alone only to have lost their money once must

security. tesla's c.e.o. all along mosque and the us security and exchange commission have reached a settlement over fraud charges under the deal musk's going to remain c.e.o. pay a twenty million dollars fine and stepped down as chairman of the company because accused of misleading investors after tweeting he'd secured funding to take the electric car maker private last month those are the headlines coming next it's counting the cost by finance. the jealousy that she just exquisitely. very classy it's part of our culture to look at our very very best for a special occasion and people we spend money everything you see on the catwalk they do it here. it is going to be longevity gold after come in and tell you things. on al-jazeera. hello i'm sam is a than this is counting the cost on al-jazeera your weekly look at the world of business and economics this week a lack of power and water oil rich economy the challenges facing iraq's next government also this week a coffee fix calls for consumers to wake up to challenges leaving coffee farmers in poverty. class google or twenty look at how the search engine which chan

for the securities and exchange commission and potentially the department of justice, will not care.sibility for business leaders on social media. absolutely. it is really interesting. i wanted to highlight the story. mcdonald's workers striking in the us, saying sexual harassment, where they are, is rampant, and it is not specific to mcdonald's. it is the fast food industry. i was thinking about it on a practical level. ifi industry. i was thinking about it on a practical level. if i was 20, a woman who desperately needed the work, i am working in mcdonald's and somewhere else, and then being sexually harass, what support have i got if i raised that issue? very little. a much older bios, it may not be a male —— boss. what is around me if i want to make it through the journey?” around me if i want to make it through the journey? i think you have raised an important point about power imbalances. at summerlee has thisjob and power imbalances. at summerlee has this job and they have absolutely got food —— to put food on the table, is taking it to hr really and option? —— if somebody. ta

securities and exchange commission has announced on saturday that musk founder and c.e.o. of tesla motors has agreed to pay a hefty fine and stepped down as the company's chairman all because of a tweet obviously it is highly jocasta has more. forty million dollars is the dear price for these two hundred eighty characters mosques aug seventh tweet may go down in history as the world's most expensive it announced he was considering taking tesla private at four hundred twenty dollars a share funding secured turns out according to federal investigators that was a lie within minutes of the first tweet tesla's own head of investor relations questioned whether the communication was even legitimate investors and journalists contacted tesla and asked whether the tweet was a joke and it was a joke according to the government's lawsuit meant to amuse musk's girlfriend the four hundred twenty dollars price and apparent reference to marijuana culture musk was seen smoking marijuana on a live you tube stream earlier this month i mean it's legal right it's all legal ok i'm going to text

fraud charges could also pay a twenty million dollars fine under the deal with the securities and exchange commission asked was accused of misleading investors when he tweeted that he had secured funding to take the company private. on their story how does your castro joins us now from washington so this was quite a saga there's still a talk us through what happened and what about the punishment more about the punishment. that's right laurin this all back to a tweet in august that will now perhaps be go down in history as the most expensive tweet in twitter's history in august musk tweeted his twenty two million followers that he was considering taking tesla private that funding was secured at four hundred twenty dollars a share the federal security regulators looked at that and said musk never had the means to make that happen and in fact when he withdrew the plan later the shareholders who bought stocks based on that tweet alone on their competence in musk's word as founder and c.e.o. of tesla then those shareholders lost money and so as part of the settlement musk will be paying twenty million dol

securities and exchange commission has accused the tesla c.e.o. of fraud it says musk. president visits germany at a tricky political time as well as economic but german turkish business relations are on track. and hold. an extreme drought in australia a shortage of wool pushing up prices. and let's do business u.s. regulators have accused tesla c.e.o. elon musk of securities fraud in a complaint filed in manhattan federal court the f.c.c. said musk knew or was reckless in not knowing that he was misleading investors in a series of tweets last month musk told his more than twenty two million twitter followers that he would take private at four hundred twenty dollars a share and that funding had been secured tesla shares surged. when the plans fizzled musk is one of the highest profile executives accused by the f.c.c. it also seeks to bar him from running public companies which would include is more from. the chargers a big blow. to the company at this point of thought. shareholders will be very difficult. to keep his job as chief executive for a lot of investors on wall

securities and exchange commission mosque's accused of misleading investors when he tweeted last august that he had secured funding to take the electric car make a private p.s.e.c. seeking financial penalties and a question that he be barred from serving as an officer or director of a public company. those were the headlines that is continues here on al-jazeera off the witness stage and that's a water buffalo. area are separate. from the. water. but they're not the sort of what is more and more not. the better part of the day of food in the gut but i think on. the. bottom. of the law that that. the top. law bank. i don't i how might i be found or do all. i need to add all that up. something to make money. the city that's in the lot of. people are going to be dealing out in phenomenon on how much you can feed me if. i'm in the money. gone put that on the bottom i love want to. find out what i might get my money and. it's good for. cut. cut. cut. lip. and we go. to see if it was you and you. know you. eat and say. nothing. on. it leave i don't. know yet. we did not i was. still a little b

we have been talking about this decision by the securities and exchange commission, the equivalent ofancial conduct authority, and the decision to sue the boss of tesla on charges he made these misleading statements in tweets. we talked about how damaging it is to the company, the shares have tumbled, but how damaging is it for elon musk personally? he has to acquit himself with the sec and come up with an absolutely bone a fight reason for why he was let down and why there was a change of mind —— bona fide. when he says there was a possibility of someone from saudi arabia coming in at... but he hadn't. i know, but he should have stepped up to the plate afterwards and said this was my idea, but it is not going to happen, but he didn't. to be fair, there was a statement released a few weeks later, tesla announced it would not go private, and a friday night press release, as we were talking, timing is everything, elon musk explained that funding for the deal had not in fact been secured and discussions had stalled in very early stages. but i think it was a fair period of time before the

detail before hand to regulators the carmaker is also facing an investigation by the securities and exchange commission and lawsuits from investors tesla's value has fallen by almost a third since musk's initial tweets. and as the countdown to britain's exit from the e.u. continues more and more sectors in and out of europe are preparing for a worst case no deal departure and that includes and histories that probably don't immediately come to mind take ireland for example which is considered an equestrian country horses and everything around them is a billion euro business there but eighty percent of irish thoroughbreds are sold in the u.k. now the industry fears much of their business could be harmed by tariffs. there's always room for a bit of glamour. here at the leopardstown racecourse in dublin the horses are warming up. and the bookies are doing stellar business. horse racing is deeply ingrained in irish culture and the industry is worth a lot of money. with an annual turnover of around one point eight billion euros it's an important economic sector for the country but there are fears that brics

regulators are charging tousled chief executive ilan musk with fraud the securities and exchange commission alleges he fosli claim to secured funds to take tesla private but musk is calling it as he sees actions on justified. rebuilding relations the german and turkish leaders promise a better diplomatic future after two years of crisis over human rights rule of law and even personal insults meeting in the german capital a bridge the divide i'm sorry kelly in berlin this is the day. of the everyone will have been aware that our relationship particularly in recent years has been strained by some profound differences which still exist today. at a stage in our relationship where we are paying into the high ranking visits of the hope that this indicates a further intensification of our relations i think the chance for extensive discussions is very important to listen to as it also provides an opportunity to discuss matters which are more contentious as well as shared projects in his speech on the. i mean. you left your photos it's important to work together with germany god comes to economic is

securities and exchange commission and asks accused of misleading investors when he tweeted that he had secured funding to take tesla private last month well those were the headlines the news continues here on al-jazeera after witness statement that sorting by fire. the. run but. little bodies. as the main supply shops order is needed. i'm not saying no you have to stay positive in the reduction was thought i was going to tell us. he only did monk includes weak lose money concealing don't even the live in sales and shipping clothes is going to be supplied if the situation company you supply want to get. loaded will be in a. hole. in the middle of it a bit and. all nom's in a sub cie enough that the body does the needs of those it by study but all but needed to get upset when he had nobody to audit why bijan why are you. opti monday alibi gel you say the one thing that wasn't opportune tilted regarding me did the evil will but with that evil the mahdi to believe. me even in the leg even then it was eat me lose it without ever seeing the lady in the hall he. may go to god wouldn't always

securities and exchange commission began after masked tweeted that he could take the company private for four hundred twenty dollars a share and that funding had already been secured charged him with securities fraud alleging that he misled investors tesla has agreed to pay a multi million dollar fine but musk will remain as c.e.o. of the company. strong aftershocks continue to rock parts of indonesia a day off to a powerful if quake hit the region triggering huge tsunamis officials say at least three hundred eighty four people were killed powerful waves hit the city of new on the island off suit away sea hospitals have been struggling to cope with the injured while rescue is all scrambling to reach the stricken region. they were left to pry for their lives as wade swept over everything in sight. the cries of panic were heard as a multi-meter high wall of water rushed towards the western coastline of sulawesi island and waves knocked out power and fine lines and swept away people's homes and businesses among the worst hit the city of palu where even the sturdy mosque could withstand t

regulators are charging tesla chief executive ilan musk with fraud the securities and exchange commission alleges he fosli claim to secured funds to take tesla private but musk is calling the as he sees actions on justified. and you are a security breach at facebook puts the personal data of millions of users.

securities and exchange commission accusing chief executive ilan musk of fraud yes he says musk knew all was reckless in not knowing that he was misleading at best that's it all started with a tweet. i'm considering taking tesla private at four hundred twenty dollars funding secured this is the message tesla see yo eat on must tweeted to his twenty two million followers last month and here's the response of u.s. regulators who've charged him with fraud. must statements misled members of the investing public to believe that it was virtually certain he could take tesla private at a price of four hundred twenty dollars per share which was a substantial premium over a share price at that time because funding for this proposed transaction had been secured and the only contingency remaining was a shareholder vote. the market reacted to this information and tesla stock price quickly traded out we allege that musk statements were false and misleading because they lacked any basis in fact. on the day of musts tweet last month test us shares shot up causing the nasdaq to suspend trading for an

a case with the securities and exchange commission. e feds >>> tesla and its ceo elon musk will pay $40 million to settle a case with the securities and exchange commission. that comes after the feds sued musk earlier this week for fraud and misleading investors. >> that stemmed from his twitter post last month claiming he was ready to take the company private. kpix 5's andrea borba is live with details on the settlement. >> reporter: this settlement came in very quickly with the securities exchange commission announcing charges just on thursday. now, here are the terms of the settlement. elon musk will step down as chairman of the board of tesla. he will also pay a $20 million final. the tesla corporation will also pay a separate $20 million fine. this all comes after a tweet from elon musk on august the 7th, claiming he was taking tesla private and had secured funding at $420 per share. that sent markets into a tail spin. >> just a big mistake, and now he's paying a heavy price. >> in a statement from stephanie avakian, said the total

securities and exchange commission has accused the company's c.e.o. of fraud we ask on wall street correspondent will the f.c.c. force you to step down and the italian job the nation's stocks are tanking and your leaders in rome pledging a big budget overspend brussels is not happy. i'm christopher to the program. facebook promised differently yet here we are again fifty million accounts might be affected and new data breach the social media giant says it does not know who is behind tuesday's hacking attack and where the perpetrators might be based but the breach could allow hackers to take over facebook accounts users who have used the u.s. feature in the last year are especially vulnerable facebook says it has taken steps to fix the security problem at alerted law enforcement earlier this year the world's biggest social network had to admit that up to eighty seven million years the profiles had been compromised. earlier i spoke to jared reed from our social media department and asked him what else we knew about the case so far packers were able to ge

securities and exchange commission accusing chief executive long musk of fraud the f.c.c. says musk quote knew or was reckless enough knowing that he was misleading investors it all started with a tweet. i'm considering taking tests not private at four hundred twenty dollars funding think here and if if a message test i feel you know iran must tweet it to his twenty two million followers last month and here's the response of u.s. regulators who've charged him with fraud. musk statements misled members of the investing public to believe that it was virtually certain he could take private at a price of four hundred twenty dollars per share which was a substantial premium over a share price at that time because funding for this proposed transaction had been secured and the only contingency remaining was a shareholder vote the market reacted to this information and tesla stock price quickly traded out we allege that most statements were false and misleading because they lack any basis in fact on the day of musts tweet last month testers shares shot up causing the nasdaq to sus

securities and exchange commission has accused mr musk of fraud after he announced a bit to take the company private and then retracted it shortly afterwards yes he says musk knew all was reckless in not knowing that he was misleading investors i'm considering taking tests not private at four hundred twenty dollars funding secured this is the message test a c.e.o. eat on must tweeted to his twenty two million followers last month and here's the response of u.s. regulators who've charged him with fraud. musk statements misled members of the investing public to believe that it was virtually certain he could take tesla private at a price of four hundred twenty dollars per share which was a substantial premium over a share price at that time because funding for this proposed transaction had been secured and the only contingency remaining was a shareholder vote. the market reacted to this information and tesla stock price quickly traded out we allege that most statements were false and misleading because they lacked any basis in fact on the day of musts tweet last month testers shares shot

the company is now expected to pay a massive fine as part of a settlement with the securities and exchange commission. his resignation coming just two days after the commission sued him over tweets he sent out. (jrs) thank you for joining us tonight at 10. i'm jr stone(justine) and i'm justine waldman. musk will remain as c-e-o for tesla, which builds its electric cars in fremont. kron 4's hermela aregawi is live in the studio with us this evening... hermela, this all started with a tweet musk sent out this summer... (hermela aregawi)that's right.. the tweet basically told shareholders.. that their stocks would soon be worth a lot more money.. as a result of a buyout he had secured.. but the s-e-c says.. that was all a lie. pkgelon musk just lost his job as chairman of tesla..as part of a new settlement with the securities and exchange commission.. he will no longer represent the company's shareholders in a lawsuit filed thursday... the sec says.. musk grossly mislead shareholders in an august 7th tweetsteven peikin/co-director of the secs enforcement divisionmusk's tweets were false and misleading.

the security and exchange commission is running a parallel probe. >>> are you having trouble sleeping maybe even right now? there's a new fad. the internet is raving about it. it contains melatonin. it also has gaba and lcn9. they say consult with your doctor before you consider taking any type of sleeping aid. >>> a little bit of controversy when it comes to sesame trestre. you can see them there in the back. a writer says he wrote the due we as gay based on his own relationship with another man. sesame street says they are muppets and have no exyule orientation. they say they are good friends. >>> a nail biter. stay with us. the bay ara )s new arrived. the sharks will introduce erik karlsson -- tomorrow -- at a news >>> it's a big deal. she here. the shark will introduce carlson tomorrow at a news conference at the south bay. tonight the sharks met the ducks. a few of the guys went to the a's game. a little more fun. former shark throwing out the first pitch. sixth inning, watch closely there. you can't reach over if you're a fan and make a play. the fan gets in the way. the a's cou

regulator, securities and exchange commission, who has accused him of fraud because of august sayingr in he planned on take tesla private. musk misledsion says investors and should no longer run a publicly traded company. musk defends his actions. financial misconduct went unpunished or the consequences don't reflect the seriousness of violations. in december it started after reports of malpractice of selling unnecessary insurance policies. the final report in february could recommend criminal charges. official data shows 27.3% of argentinians living in poverty. president has asked the patience. pat me, around 250,000 ryanair flights being grounded this friday as a fresh strike hits the airline. the airline was expected to cancel 150 flights, that that was increased to 250 on thursday after the biggest german pilot union said it would walk out over pay and conditions. 150,000 customers are being affected by the walkouts. we will get more on the developing story later. >> we are having a few technical problems. do bear with us. it is one of those days, and it is friday afternoon in par

securities and exchange commission friday. right now the company can only give equity to investors and employees. it is asking them to add gig economy workers to the list. they met with the sec to discuss a similar proposal. >>> this winter parking will open november 30th. it features a 6,000 square foot ice rink and lighted forrest. it has two, one at union square and one at embarcadero. >> boy, that looks fun. >> we have had really hot temperatures today. red flag warnings too. be careful of that. >>? of the warmth will spill to the coast. mid-70s today. maybe even a little bit warmer. try to get to 80 the next couple of days. it will get warm. hopefully jessica is happy now. >> i love the warm weather. >> the exploratorium camera at pier 15. not a cloud to be found over san francisco right now. haetz sunshi hazy sunshine. it will taper thursday. biff the weekend, the fire danger let me know put to rest and we'll have cooler than average temperatures. microclimates. 90s in morgan hill, gilroy. mid to upper 80s for most of the

and simple tweet that got elon musk charged with securities fraud. >> his statements were false and misleading because they lacked any basis in fact. >> reporter: now the securities and exchange commission is doing the tesla ceo it asking a federal judge to bar him from ever serving as an officer of any u.s. public company. after musk walked away potential sediment today. >> i think it's fairly standard for them to us that when they file a suit like that. >> reporter: the san jose professor said if the s.e.c. gets its way it would be detrimental for tesla and its shareholders. >> the risk for changing ceos at a time when they are just getting the point of producing enough cars where maybe they can be profitable, is huge. if i was a member i would be cautious about trying to replace him with somebody a bei by anybody else. >> reporter: a technology reporter agrees. especially with the company's history of production delays, labor lawsuits and other challenges including our behavior. >> he has been aggressive in timetables and delivery of product. and basically it is never matched up. they had a lot of other distractions. >> reporter: the professor believes musk and his company are far fr