Elon Musk's Scarlet Letter

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About: Tesla, Inc. (TSLA)
by: John Petersen
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John Petersen
Long-term horizon, nano-cap, micro-cap, alternative energy
Summary

In "The Scarlet Letter," Hester Prynne, an unmarried woman who gave birth to an illegitimate child, had to wear a scarlet "A" on her dress to shame her adultery.

While neophytes view Elon Musk’s recent settlement with the SEC as vindication or even victory, professionals know Mr. Musk will wear his own scarlet letter for a decade.

They also know that the scarlet letter will materially and adversely impact Tesla and every company where Mr. Musk is a director, officer, promoter or control person.

On September 28th, Elon Musk, the Chairman and CEO of Tesla (TSLA), without admitting or denying the allegations of the complaint filed against him by the Securities and Exchange Commission, or SEC, consented