🤣 "Musk’s $20 million worth of Tesla shares that he bought to ‘unofficially’ pay off Tesla’s part of the SEC fine is now worth over $97 million It means that after his own fine, Musk ended up making over $50 million from the SEC settlement."
SEC fined Elon and Tesla $20M each for Elon’s funding secured tweet. Elon paid his fine, and also made a $20M investment in Tesla to cover the company’s fine. That $20M investment is now worth $97M, so Elon is up around $57M over “funding secured.”