[CivBase]

> He said "funding secured", the board knew nothing of what was going on and scrambled to make it retroactively true.

Yeah, that's pretty irresponsible. I don't see how it changes things, though.

IANAL, but I suspect there's a difference between "follow Elon's twitter because he might release material information there" and "everything Elon tweets is material information".

I have no desire to defend Musk or Tesla. The practice of distributing official information via social media posts is pretty sketchy. But that such an arrangement is even possible only continues to highlight how dumb the stock market is. The more I learn about this, the more it sounds like investors playing with fire and whining when they get burned.