Musk’s tweets enter the SEC | FT Alphaville

FT Alphaville believes this is the first time an SEC filing has featured a screenshot of tweets as part of a key announcement to shareholders.

Now, some may just chalk this up to as yet another demonstration of the on-going governance conundrum that is Tesla Motors, and its affiliated businesses. Sure, screenshotting a social media platform, is an odd way to communicate officially with investors but, also, it sort of makes sense?

By now, if you own Tesla shares, you are probably aware that there’s a man running your company who likes to play ludicrously fast and loose with the rules — sometimes to the detriment of the business, and sometimes to its advantage. Those rules obviously also include: how most chief executives communicate with shareholders.

via Musk’s tweets enter the SEC | FT Alphaville.