Tesla likely to acquire shut GM plants, claims CEO Elon Musk

SpaceX founder and chief executive Elon Musk speaks after announcing Japanese billionaire Yusaku Maezawa as the first private passenger on a trip around the moon in Hawthorne Calif. on Sept. 17 2018

Elon Musk: ‘I Want to be Clear: I Do Not Respect the SEC’

And now in the interview with CBS, Musk said that his tweets are still unsupervised, and that only if a tweet had a probability of causing a movement in the stock would it be "reviewed". But I believe him that he truly is clueless when it comes to smoking weed-which makes it that much sadder he lost $20 million (£16 million) and the chairmanship of his electric auto company over it.

But Musk really got into trouble in August, when out of the blue, he tweeted that was considering taking Tesla private and that he had secured funding to do so.

These tweets brought Musk to the attention of the SEC and it sued Tesla and sought to ban Musk from acting as an officer or director of a publicly traded company.

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He said he paid the settlement because "I respect the justice system". "If they were going to sell a plant or not use it that we would take it over". The part that requires pre-approval of communications that could affect the stock price technically must be in place by December 28, the company said.

Denholm's appointment in November drew a mixed response from corporate governance experts, who praised her financial expertise but questioned her ability to carve out an independent path for a board that has been dominated by Musk.

For the record, Tesla previously bought a New United Motor Manufacturing, Inc. or NUMMI plant in Fremont, California that closed in 2010 and reopened it later that year.

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Musk told "60 Minutes" interviewer Lesley Stahl that he had hand-picked Denholm. Ltd., Australia's largest telecommunications company, but will step down from that company after a six-month notice period and work at Tesla full-time. He said Tesla would consider buying any plant that rival GM closes as part of a restructuring plan that could cost up to 14,000 jobs.

However, Musk had to agree on certain terms of the agreement to acquire GM's plant which included paying a $20 million fine and further required him to step down as the company's chairman for at least three years.

When he was questioned if he will seek re-election as chairman (he can not for three years as part of the SEC settlement), Musk said no, and that he prefers no titles at all.

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